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Rizio Co. purchases a machine for $12,800, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $128 discount. Transportation

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Rizio Co. purchases a machine for $12,800, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $128 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation. During Installation, the machine was damaged and $255 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount included in Cost of Equipment: Invoice price of machine Net purchase price 0 Total cost to be recorded $

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