Whole Grain Bakery purchases an industrial bread machine for $29,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,950; installation, $3,900; testing, $1,450; and property tax on the machine for the first year, $590.

What is the initial cost of the bread machine?

\begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total cost of the bread machine & \\ \hline \end{tabular}