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 Required: Calculate ABC's adjusted tax basis in this asset. Adjusted tax basis