QUESTION 8 Circle Company, acquired a machine that involved the following expenditures and related factors: Gross invoice price $76,000 2.850 Sales tax Cash discount taken Freight Assembly of machine Installation of machine 1,140 1,350 1,800 2,700 5,400 Assorted spare parts for future use 900 Tuning and adjusting machine before use The initial accounting cost of the machine should be: OA $84.460 B $85,600 OC $87,010 D $89.860