Ch$9$ Q$6$ please show all of the steps so I can learn how to do it myself

Required information CP9-1 (Algo) Computing Acquisition Cost and Recording Depreciation under Three Alternative Methods [LO 9-2, LO 9-3] [The following information applies to the questions displayed below.] At the beginning of the year, Seraglio Companies bought machinery, shelving, and a forklift. The machinery initially cost $32,800 but had to be overhauled (at a cost of $2,640) before it could be installed (at a cost of $1,320) and finally put into use. The machinery's total life was estimated as 40,000 hours, with an estimated residual value of $1,000. The machinery was actually used 5,000 hours in year I and 7,000 hours in year 2. Repair costs were $530 in each year. The shelving cost $10,200 and was expected to last 5 years, with a residual value of $780. The forklift cost $18,900 and was expected to last six years, with a residual value of $2,360. CP9-1 (Algo) Part 1 Required: 1. Compute the amount to be capitalized for the machinery. Total cost