Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $174,000 with terms of 4/15, n/45. Payment was made within the discount period. Shipping costs were $5,200, which included $220 for insurance in transit. Installation costs totaled $11,300, which included $4,500 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. The capitalized cost of the 10-ton draw press is:

Multiple Choice

• $188,540.

• $183,540.

• $187,040.

• $181,540.