Blue Ltd. purchased some new manufacturing equipment for use in its factory. Following is a list of the various items paid by Blue related to the equipment:

Item		Amount
Purchase price of equipment		$175,000
GST on equipment		8,750
Transportation to Blues factory		25,200
GST on transportation		1,260
Cost of installation		79,300
GST on installation cost		3,965
Maintenance costs for first year		4,850
Insurance premiums for first year of use of machinery		1,220
Insurance premiums for transport of machinery		210

At what amount should the equipment be capitalized on Blues books? (Note: GST is refundable by the government.)

Equipment capitalized at

$