Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $184,000 with terms of 2/15, n/45. Payment was made within the discount period. Shipping costs were $4,300, which included $370 for insurance in transit. Installation costs totaled $11,700, 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

$199,820.

$196,320.

$201,320.

$194,320.