Holiday Laboratories purchased a high speed industrial centrifuge at a cost of $420,000. Shipping costs totaled $14,900. Foundation work to house the centrifuge cost $9,500. An additional water line had to be run to the equipment at a cost of $3,700. Labor and testing costs totaled $7,800. Materials used up in testing cost $2,200. a. What is the total cost of the equipment? (Omit the "$ sign in your response.) Cost of the equipment b. How much of this amount should be expensed immediately? (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Immediately expensed