Brenner Graphics, a newly organized St. Louis corporation, purchased typesetting equipment having a list price of Rs. 204,000 from a manufacturing in the New England area. Credit terms for the transaction were 2/10, n/30. Brenner Graphics paid the invoice within the discount period, as well as an additional 7% sales tax on the net price. Other payments relating to the acquisition of the equipment were a freight bill of Rs. 2,596 and a labor cost for installing the equipment of Rs. 4,210. During the installation process, an accident caused damage to the equipment, which was repaired at cost of Rs. 5,000. As soon as the equipment was in place, the company obtained insurance on it for a premium of Rs. 1,800.

Required: Compute the Cost of Equipment