Anchor Company purchased a manufacturing machine with a list price of $83,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and freight costs amounted to $1,800. Anchor paid $2,400 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $3,000 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be: