Sign in M M 5-6 359 Help Save & Anchor Company purchased a manufacturing machine with a list price of $100.000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and freight costs amounted to $5.200. Anchor paid $7.500 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9.800 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would Multiple Choice O $98,000 O $120.500 O O $103.200 to search