Cox Company recently purchased a machine by paying $10,000 cash and signing a six month, 10% note

Question:

Cox Company recently purchased a machine by paying $10,000 cash and signing a six month, 10% note for $10,000. In addition to the purchase price, Cox incurred the following costs related to the machine: freight charges $800; interest charges $500; special foundation for machine $400; installation costs $1,100.

Required:
Determine the cost of the machine.