4 Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $122,370. The seller agreed to allow a 4.75 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point Transportation cost amounted to $2,620. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $840. The loader operator is paid an annual salary of $5,450. The cost of the company's theft insurance policy increased by $2,460 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $10,300. 01:27:43 Required Determine the amount to be capitalized in an asset account for the purchase of the front-end loader. (Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.) Costs that are to be capitalized List price Less: Discount M Total costs 0 raw Type here to search O O P W 40 F Su