Slinky's Tavern purchased a new large pizza oven for its business. The list price of the oven was $40,000. Slinky's was offered a 2% discount on the purchase. Slinky's paid $1,000 in shipping and $2,000 in installation costs to get the oven up and running. After of the oven purchase, Slinky's insurance costs increased by $500. Slinky's will also need to have someone calibrate the oven every year at a cost of $700. What is the initial purchase price that will be recorded in Fixed Assets on Slinky's Balance Sheet?