On June 28, Carpenter Corporation purchased equipment with a purchase price of $35,090 plus 5% sales tax.Shipping terms were FOB Shipping Point and shipping charges were $283.Installation was completed, and the new equipment was placed in service on July 1.Installation costs totaled $923.The shipping and installation costs were paid for in cash.The equipment purchase price, including sales tax, was paid for by issuing a 120 day 5% Note Payable.Based on industry standards, the equipment is expected to have a useful life of 8 years, at which time it will have an estimated worth of $4,576.The equipment will be depreciated using the Straight Line method.

What is thetotal Capitalized Cost of the equipment?