SandhillLtd. purchased some new manufacturing equipment for use in its factory. Following is a list of the various items paid bySandhillrelated to the equipment:

ItemAmount

Purchase price of equipment$176,000

GST on equipment8,800

Transportation toSandhill's factory24,500

GST on transportation1,225

Cost of installation80,500

GST on installation cost4,025

Maintenance costs for first year5,480

Insurance premiums for first year of use of machinery1,150

Insurance premiums for transport of machinery150

At what amount should the equipment be capitalized onSandhill's books? (Note: GST is refundable by the government.)