On April 1, 2010, Richer Corporation Purchased a New Machine

On April 1, 2010, Richer Corporation purchased a new machine on a deferred payment basis.A down payment of $5, 000 was made and 10 monthly installments of $14, 000 each are to be made beginning on May 1, 2010.The cash equivalent price of the machine was $130, 000.Richer incurred and paid installation costs amounting to $6, 000.The amount to be capitalized as the cost of the machine is

A) $130, 000
B) $136, 000
C) $140, 000
D) $145, 000