Question: please help with this question. - Thank you! Queen Inc. purchased a machine on June 1 for $70000, paying cash. The company also paid $600

please help with this question. - Thank you!

Queen Inc. purchased a machine on June 1 for $70000, paying cash. The company also paid $600 for freight, $1000 for installation and testing, $400 for employee training, $500 for supplies to be used in production, and $1800 for a one-year insurance policy. The machine has a residual value of $6000 and a useful life of 5 years. What is this machine's acquisition cost

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