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Rizio Company purchases a machine for $13,800, terms 1/10, 1/60. FOB shipping point. Rizio pald within the discount period and took the 5138 discount Transportation

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Rizio Company purchases a machine for $13,800, terms 1/10, 1/60. FOB shipping point. Rizio pald within the discount period and took the 5138 discount Transportation costs of 5312 were paid by Rizio. The machine required mounting and power connections costing $954 Another $450 is paid to assemble the machine, and $40 of materials are used to get it into operation. During Installation, the machine was damaged and $260 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

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