Peyton's Pencils operates a factory in Georgia. Peyton's orders a wood cutting machine from a manufacturer in Tennessee at a list price of $12,500. Payment will be made in 60 monthly installments of $250, which includes $2,500 in interest charges. Sales taxes of $750 must be paid, as well as freight charges of $1,000. Installation and other setup costs amount to $500. By what amount should Peyton's Pencils debit the Machinery account to record this transaction? $14,750 $14,000 $17,250 $13,500