On August 1, 2017, Burkina Corp

On August 1, 2017, Burkina Corp.purchases a new machine.The company makes a $2,000 cash down payment, and agrees to pay four annual instalments of $3,000 each, starting August 1, 2018, signing a non-interest bearing note to this effect.The cash equivalent price of the machine is $12,500.Due to an employee strike, Burkina could not install the machine immediately, and thus incurred $300 of storage costs.As well, Burkina pays installation costs of $400.The recorded cost of the machine should be

A) $14,000.
B) $13,200.
C) $12,900.
D) $12,500.