Question: Rizio Company purchases a machine for $ 1 4 , 3 0 0 , terms ( 2 ) / ( 1 0 ) , (

Rizio Company purchases a machine for $14,300, terms (2)/(10),(n)/(60), FOB shipping point. Rizio paid within the discount period and took the $286 discount. Transportation costs of $323 were paid by Rizio. The machine required mounting and power connections costing $989. Another $466 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $355 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. \table[[Amount Included in Cost of Equipment:,],[Invoice price of machine,],[,],[Net purchase price,],[,],[,],[,],[,],[,],[,],[Total cost to be recorded,]]

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