Rizio Co purchases a machine for $9,800, terms 1/10. n/60. FOB shipping point. Rizio paid within the discount period and took the $98 discount. Transportation costs of $221 were paid by Rizio. The machine required mounting and power connections costing 3677 Another $319 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $175 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. hmount included in Cost of Equipment Invoice price of machine Net purchase price Total cost to be recorded Cala Manufacturing purchases land for $425,000 as part of its plans to build a new plant. The company pays $31,300 to tear down an old building on the lot and $46.270 to fill and level the lot. It also pays construction costs $1,211,000 for the new building and $76.442 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash. View transaction list Journal entry worksheet