Branson Corp. purchased a new machine for its business. The following list shows the various expenditures for the machine during its first year: - Base purchase price, $50,000 - Sales tax incurred at the time of purchase, $3,000 - Installation charges for the machine, $2,000 - Insurance costs incurred while the machine was being shipped, $200 - Insurance costs for the first year of the machine's service life, $500 - Ordinary repairs and maintenance costs during the first year of the machine's service life, $1,200 Question: What should be the capitalized cost of the machine? Do not use symbols or cents in the numerical response. Answer: $