Splish Ltd. purchased some new manufacturing equipment for use in its factory. Following is a list of the various items paid by Splish related to the equipment: Item Amount Purchase price of equipment $170,000 GST on equipment 8,500 Transportation to Splish's factory 24,700 GST on transportation 1,235 Cost of installation 79,600 GST on installation cost 3,980 Maintenance costs for first year 5,740 Insurance premiums for first year of use of machinery 1,110 Insurance premiums for transport of machinery 250 At what amount should the equipment be capitalized on Splish's books? (Note: GST is refundable by the government.) Equipment capitalized at $