Sarasota Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2020. Purchase Cash paid for equipment, including sales tax of $7,400 Freight and insurance cost while in transit $155,400 2,960 Cost of moving equipment into place at factory 4,588 Wage cost for technicians to test equipment 5,920 Insurance premium paid during first year of operation on this equipment 2,220 Special plumbing fixtures required for new equipment 11,840 Repair cost incurred in first year of operations related to this equipment 1,924 Construction Material and purchased parts (gross cost $296,000; failed to take 2% cash discount) $296,000 Imputed interest on funds used during construction (stock financing) 20,720 Labor costs 281,200 74,000 Allocated overhead costs (fixed-$29,600; variable-$44,400) Profit on self-construction Cost of installing equipment 44,400 6,512 Purchase equipment Compute the total cost to be capitalized for each of these two pieces of equipment. Construction equipment LA