Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $181,000 with terms of 5/15, n/45. Payment was made within the discount period. Shipping costs were $4,800, which included $370 for insurance in transit. Installation costs totaled $12,500, which included $5,200 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

Top of Form

$189,250.

$194,250.

$192,750.