Southwest Milling Company purchased a front$-$end loader to move stacks of lumber. The loader had a list price of $$115,020.$ The seller agreed to allow a $6\mathrm{.}00$ percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $$2,100.$ Southwest Milling had to hire a specialist to calibrate the loader. The specialist$$s fee was $$1,240.$ The loader operator is paid an annual salary of $$42,510.$ The cost of the company$$s theft insurance policy increased by $$1,560$ per year as a result of acquiring the loader. The loader had a four$-$year useful life and an expected salvage value of $$7,800.$