Whole Grain Bakery purchases an industrial bread machine for $26,000. In addition to the purchase price, the company makes the following expenditures: freight, $1,600; installation, $3,200; testing, $1,100; and property tax on the machine for the first year, $520. What is the initial cost of the bread machine?

Whole Grain Bakery purchases an industrial bread machine for $26,000. In addition to the purchase price, the company makes the following expenditures: freight, $1,600; installation, $3,200; testing, $1,100; and property tax on the machine for the first year, $520. What is the initial cost of the bread machine