On March 1, Bartholomew Company purchased a new stamping machine with a list price of $78,000. The company paid cash for the machine therefore, it was allowed a 5% discount. Other costs associated with the machine were transportation costs $2,100, sales tax paid $4720, installation costs, $1,400; routine maintenance during the first month of operation, $2,000. The cost recorded for the machine was: Multiple Choice $80.920 $74.100 $84,320 $82,320