On march 1, bartholomew company purchased a new stamping machine with a list price of $85,000. the company paid cash for the machine; therefore, it was allowed a 5% discount. other costs associated with the machine were: transportation costs, $2,800; sales tax paid, $6,120; installation costs, $1,750; routine maintenance during the first month of operation, $2,700. the cost recorded for the machine was:
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