Skye Enterprises purchased Machine no. 200 on July 1, 2020. The following information related to Machine no. 200 was gathered at the end of June: Price $170,000 Credit Terms 2% net 10 days, 0% net 30 days Freight costs $ 1,600 Preparation & Installation $ 7,600 Labour costs during regular production operations $ 21,000 It is expected that the machine could be used for 10 years, after which the residual value would be $0. However,