Transylvania Railways purchased specialized equipment. The following expenditures were incurred relating to the specialized equipment: Purchase price of $360,000 less $40,000 rebate Paid shipping fees of $20,000 Paid customs/duty fees of $82,000 Paid $8,000 for the installation of the equipment Paid $5,000 to train employees and supervisors to use the equipment What amount would Transylvania record for the specialized equipment? $475,000 $435,000 $320,000 $430,000