Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $122,360. The seller agreed to allow a 5.50 percent discount because Southwest Milling paid cash. Dellvery terms were FOB shipping point. Freight cost amounted to $2,760. Southwest Milling had to hire a speclalist to callbrate the loader. The speclalist's fee was $1,120. The loader operator is pald an annual salary of $5,470. The cost of the company's theft insurance policy increased by $2,380 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $6,700. 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 Indlcated with minus sign.)