Carla Vista Corporation acquired new equipment at a cost of $109,000 plus 7% provincial sales tax and 4% GST. (GST is a recoverable tax.) The company paid $1,880 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 $590 for one months storage costs. When installed, $210 in labour and $200 of materials were used to adjust and calibrate the machine to the companys exact specifications. The units produced in the trial runs were subsequently sold to employees for $570. During the first two months of production, the equipment was used at only 44% of its capacity. Labour costs of $4,100 and material costs of $1,500 were incurred in this production, while the units sold generated $5,900 of sales. Carla Vista paid an engineering consulting firm $11,100 for its services in recommending the specific equipment to purchase and for help during the calibration phase. Borrowing costs of $800 were incurred because of the one-month delay in installation. Determine the capitalized cost of the equipment.