Sandhill Corporation acquired new equipment at a cost of $108,000 plus 7% provincial sales tax and 5% GST. (GST is a recoverable tax.) The company paid $1,800 to transport the equipment to its plant. The site where the equipment was to be placed was not yet ready and Sandhill spent another $530 for one month's storage costs. When installed, $340 in labour and $170 in materials were used to adjust and calibrate the machine to the company's exact specifications. The units produced in the trial runs were subsequently sold to employees for $400. During the first two months of production, the equipment was used at only 50% of its capacity. Labour costs of $2,700 and material costs of $1,500 were incurred in this production, while the units sold generated $5,000 of sales. Sandhill paid an engineering consulting firm $10,600 for its services in recommending the specific equipment to purchase and for help during the calibration phase. Borrowing costs of $570 were incurred because of the one-month delay in installation. Determine the capitalized cost of the equipment