On April 1, 2014, Bennett Corporation Purchased a New Machine

On April 1, 2014, Bennett 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, 2014. The cash equivalent price of the machine was $130,000. Bennett 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