Carla Vista Corporation acquired new equipment at a cost of $106,000 plus 7% provincial sales tax and 5% GST. (GST is a recoverable tax.) The company paid $1,990 to transport the equipment to its plant. The site where the equipment was to be placed was not yet ready and Carla Vista Corporation spent another $470 for one month's storage costs. When installed, $360 in labour and $150 in materials were used to adjust and calibrate the machine to the company's exact specifications. The units produced in the trial runs were subsequently sold to employees for $430. During the first two months of production, the equipment was used at only 50% of its capacity. Labour costs of $3,600 and material costs of $2,700 were incurred in this production, while the units sold generated $5,100 of sales. Carla Vista paid an engineering consulting firm $11,500 for its services in recommending the specific equipment to purchase and for help during the calibration phase. Borrowing costs of $870 were incurred because of the one-month delay in installation. Determine the capitalized cost of the equipment. Capitalized cost of the equipment