ABC Company purchased business property several years ago, paying $25,000 cash and borrowing $80,000 to fund the acquisition. ABC also incurred $2,000 of freight costs for shipping the property to its business location. Over time, ABC has incurred $12,000 of repair costs for the property, and made $7,000 of capital improvements. ABC has also deducted $56,000 of MACRS depreciation on the property to date. Calculate ABC's adjusted tax basis in this asset.