L purchased 10,000 units of a mutual fund in the current year for $110,000. He received a T3 from the fund showing the following distributions for the current year which were reinvested in the fund:

• Actual amount of eligible dividends: $8,000
• Taxable amount of eligible dividends: $11,040
• Capital gains: $6,000
• Other investment income: $3,000

What is the adjusted cost base of Ls investment in the mutual fund at the end of the current year?