Grab Manufacturing Co. purchased a ten-ton draw press at a cost of $189,000 with terms of 4/15, n/45. Payment was made within the discount period. Shipping costs were $5,300, which included $390 for insurance in transit. Installation costs totaled $12,600, which included $5,100 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 ten-ton draw press is