Southwest Miling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $122,270. The seller agreed to allow a 4.25 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to \$2,310. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $870. The loader operator is paid an annual salary of $12,660. The cost of the company's theft insurance policy increased by $1,680 per year as a result of acquiring the loader. The loader had a four-year usefut life and an expected salvage value of $8,700. Required Determine the amount to be capitalized in the asset account for the purchase of the front-end loader. Note: Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign