Equipment with an appraisal value of $47,000 is offered for sale on for $42,000. The purchaser acquires it for $30,000 in cash and a 90-day $5,000 note payable. Transportation costs were $800 and the cost of installation was $400. The following month $60 of repairs were made. The capitalized cost of the equipment would be

$36,200

$35,800

$30,400

$36,260