Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $179,000 with terms of 3/15, n/45. Payment was made within the discount period. Shipping costs were $4,200, which included $370 for insurance in transit. Installation costs totaled $12,900, which included $5,000 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

• $194,230.

• $195,730.

• $190,730.

• $188,730.