Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $122,700. The seller agreed to allow a 5.25 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,330. Southwest Milling had to hire a specialist to calibrate the loader. The specialists fee was $1,230. The loader operator is paid an annual salary of $9,440. The cost of the companys theft insurance policy increased by $2,080 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $14,000.

Required

Determine the amount to be capitalized in the 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.)