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Blossom Limited purchased a machine on account on April 1.2021. at an invoice price of $353,960. On April 2. it paid $1.970 for delivery of the machine. A one-year. $3,890 insurance policy on the machine was purchased on April 5. On April 19, Blossom paid $7,310 for installation and testing of the machine. The machine was ready for use on April 30. Blossom estimates the machine's useful life will be five years or 6,294 units with a residual value of $87,390. Assume the machine produces the following numbers of units each year: 993 units in 2021: 1.558 units in 2022: 1.461 units in 2023; 1.193 units in 2024 and 1,089 units in 2025. Blossom has a December 31 year end. Blossom Limited purchased a machine on account on April 1.2021. at an invoice price of $353,960. On April 2. it paid $1.970 for delivery of the machine. A one-year. $3,890 insurance policy on the machine was purchased on April 5. On April 19, Blossom paid $7,310 for installation and testing of the machine. The machine was ready for use on April 30. Blossom estimates the machine's useful life will be five years or 6,294 units with a residual value of $87,390. Assume the machine produces the following numbers of units each year: 993 units in 2021: 1.558 units in 2022: 1.461 units in 2023; 1.193 units in 2024 and 1,089 units in 2025. Blossom has a December 31 year end

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