southwest milling company purchased a front end loader to move stacks of lumber. the loader had a list price of $$124,810.$ the seller agreed to allow a $5\mathrm{.}50$ percent discount because southwest milling paid cash. delivery terms were FOB shipping point. freight cost amounted to $$2,300.$ southwest milling had to hire a specialist to calibrate the loader. the specialists fee was $$800.$ the loader operator is paid an annual salary of $$29,720.$ the cost of the companys theft insurance policy increased by $$1860$ per year as a result of acquiring the loader. the loader had a four year useful life and an expected salvage value of $$13,700.$ a$.$determine the amount to be capitalized in an asset account for the purchase of the loader b$.$record the putchase in general journal format