Southwest Milling Co purchased a front-end loader to move stacks of lumber. The loader had a list price of $118,700. The seller agreed to allow a 4.75 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,520. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $880. The loader operator is paid an annual salary of $15,170. The cost of the company's theft Insurance policy increased by $2,120 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $11,600. 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.) Costs that are to be capitalized List price Total costs