Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $116,150. The seller agreed to allow a 5.50 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 $1,070. The loader operator is paid an annual salary of $42,750. The cost of the company's theft insurance policy increased by $1,900 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $14,500. 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 Less: Discount Freight cost Specialist fee Operator salary Insurance Total costs 116.150 (6,388) 2.520 1,070 42.750 1.900 158,002 $