A company purchased new equipment for $$42,000.$ The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $$1,000$; sales tax paid, $$3,800$; and installation cost, $$1,600.$ The total capitalized cost reported for the equipment was:

Multiple Choice

$$48,400.$

$$46,800$

$$43,000.$

$$42,000.$