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Acme Retail Company purchased equipment on Jan 1 at a list price of $125000, with credit term 2/10, n/30. payment was made within discount period.

Acme Retail Company purchased equipment on Jan 1 at a list price of $125000, with credit term 2/10, n/30. payment was made within discount period. Acme paid 250 sales tax on equipment and paid installation charges of $2200. prior to installation, Acme paid $5000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?

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