3. Sunower Company acquired some new equipment. The following data have been made available to you: List price of the equipment Pl4,000 Cash discount available but not taken on purchase 200 Freight paid on the new equipment 250 Cost of removing the old equipment 170 Installation costs of the new equipment 430 Testing costs before the equipment was put regular operation (including P120 in wages of the regular equipment operator) 295 Loss on premature retirement of the old equipment 120 Estimated cost of manufacturing similar equipment in the company's own plant, including overhead 13,800 What amount should be capitalized as the cost of the new equipment? a. P14,775 c. P14,975 b. P28,865 d. P15,065