Grab Manufacturing Co. purchased a 10-ton drawing press at a cost of $180,000 with terms of 5/15, n/45. The payment was made after the discount period. Shipping costs were $4,600, which included $200 insurance in transit. Installation costs totaled $8,000 and an additional $4,000 was paid to remove a section of a wall and rebuild it because the press was too large for the driveway. The capitalized cost of the 10-ton drawing press is?

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