Chapter 9, Problem 9.10P

I need help with this general accounting question using the proper accounting approach.

Pinnacle Inc. reported an increase of $290,000 in its accounts receivable during the year 2022. The company's statement of cash flows for 2022 reported $860,000 of cash received from customers. What amount of net sales must Pinnacle have recorded in 2022?

A new machine with a purchase price of $90,000, transportation costs of $8,000, installation costs of $6,000, and special handling fees of $2,000, would have a cost basis of___. a. $106,000 b. $110,000 c. $108,000 d. $102,000