Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $182,000 with terms of 3/15, n/45. Payment was made within the discount period. Shipping costs were $4,700, which included $400 for insurance in transit. Installation costs totaled $11,700, which included $3,700 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. The capitalized cost of the 10-ton draw press is:
$192,940.
$189,240.
$193,440.
$176,540.