The following data relate to a firm$$s purchase of a machine used in the manufacture of its product:

Invoice price $$20,000$ Applicable sales tax $1,200$ Cash discount taken for prompt payment $400$ Freight paid $260$ Cost of insurance coverage on machine while in transit $125$ Installation costs $1,000$ Testing and adjusting costs $475$ Repair of damages to machine caused by the firm$$s employees $550$ Prepaid maintenance contract for first year of machine$$s use $300$

Determine the acquisition cost of the machine.