QUESTION 12 XYZ Company purchases a new machine at a purchase price of $46. The company also pays $9 for shipping, $45 for insurance while the machine is in transit, and $167 labor to set up and test the machine so it is ready to run What is the recorded cost of the machine? QUESTION 13 XYZ Company pays legal and registration foes of $772 to register a new patent that it developed. It took the company took five years of research to develop the new patent. Research costs for this period totaled $1,397. What is the recorded cost of the new patent? QUESTION 14