On March 1, Bartholomew Company purchased a new stamping machine with a list price of $73,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $1,600; sales tax paid, $3,720; installation costs, $1,150; routine maintenance during the first month of operation, $1,500. What is the cost of the machine?

Multiple Choice

$74,670

$69,350

$75,820

$77,320