Amplify Corporation purchased new manufacturing equipment with an invoice cost of $150,000, plus sales tax of 5% on the selling price. Amplify also incurred a freight charge of 8% of the selling price to obtain the equipment and paid an outside consultant $1,500 for installation of the equipment. Amplify retained the services of the consultant for an additional few days for $3,000 to help employees train on the equipment's operations. Insurance premiums increased by $900 for the year related to the equipment usage. The company also received $3,000 for the residual value of the machine that was replaced. Determine the amount Amplify should capitalize for equipment related to this purchase. Type numbers only. Do NOT type either a dollar sign S or use a comma to designate thousands. If you type either a sor, - you answer will be graded incorrect