Rizio Co. purchases a machine for $13,400, terms 1/10, n/60, FOB shipping point.

Rizio Co. purchases a machine for $13,400, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $134 discount. Transportation costs of $303 were paid by Rizio. The machine required mounting and power connections costing $926. Another $437 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $285 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 Total cost to be recorded