Question 21 --/1 View Policies Current Attempt in Progress Sheridan Company purchased a new machine on October 31, 2020. A $4300 down payment was made and three monthly installments of $790 each are to be made beginning on November 30, 2020. The cash price would have been $46600. Sheridan paid no installation charges under the monthly payment plan but an $790 installation charge would have been incurred with a cash purchase. The amount to be capitalized as the cost of the machine on October 31, 2020 would be $46600. $57150. $47390. $48180