Carla Vista Company purchased equipment on account on September 3, 2019, at an invoice price of $188,000. On September 4, 2019, it paid $4,500 for delivery of the equipment. A one-year, 51.935 insurance policy on the equipment was purchased on September 6, 2019. on September 20, 2019. Carla Vista paid $3,500 for installation and testing of the equipment. The equipment was ready for use on October 1, 2019 Carla Vista estimates that the equipment's useful life will be four years, with a residual value of $10,000. It also estimates that, in terms of activity, the equipment's useful life will be 74.400 units. Carla Vista has a September 30 fiscal year end. Assume that actual usage is as follows: d of Units Year Ended September 30 15.480 2020 23,780 2021 20.080 2022 2023 15.960 Determine the cost of the equipment. Cost of equipment $