On August $1,2022,$ Happy Corporation purchased a new machine on a deferred payment basis. A down payment of $$23,400$ was made and $4$ monthly installments of $$19,500$ each are to be made beginning on September $1,2022.$ The cash equivalent price of the machine was $$93,600.$ Happy incurred and paid installation costs amounting to $$3,900.$ The amount to be capitalized as the cost of the machine is

$$93,600$

$$97,500$

$$105,300$

$$101,400$