Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $123,100. The seller agreed to allow a 4.75 percent discount because Southwest Mil ling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,010. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1180. The loader operator is paid an annual salary of $32,150. The cost of the company's theft insurance policy increased by $1,740 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $10,400 Required a. Determine the amount to be capitalized in an 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.) Costs that are to be capitalized: List price Total costs