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On August $28,2020,$ Saturn Drilling Services purchased a machine with a contract price of $$400,000$ and cash terms of $\frac{2}{10},\frac{n}{30}.$ The company paid $$8,000$ in transportation costs and $$8,000$ for installation. Sales taxes of $$22,000$ were paid on the invoice amount. The machine should be recorded as a plant asset in the amount of

$$400,000.$

$$430,000.$

$$428,000.$

$$422,000.$