On August $1,2023,$ Cullumber Corp. purchases a new machine. The company makes a $$2600$ cash down payment and agrees to pay four annual instalments of $$3600$ each, starting August $1,2024,$ signing a non$-$interest$-$bearing note to this effect. The cash equivalent price of the machine is $$12300.$ Duento an employee strike, Cullumber could not install the machine immediately, and thus incurred $$370$ of storage costs. As well, Cullumber pays installation costs of $$470.$ The recorded cost of the machine should be

$$14100.$

$$12300.$

$$13140.$

$$12770.$