Concord Company purchased equipment on January 1 at a list price of $120700, with credit terms 2/10, n/30. Payment was made within the discount period and Concord was given a $2000 cash discount. Concord paid $5500 sales tax on the equipment, and paid installation charges of $1720. Prior to installation, Concord paid $4400 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?