Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $119,420. 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 $2,370. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1,110. The loader operator is paid an annual salary of $21,810. The cost of the company's theft insurance policy increased by $2,260 per year as a result of acquiring the loader. The loader had a four-year usefut tife and an expected salvage value of $13,000. Required Determine the amount to be capitalized in the asset account for the purchase of the front-end loader. Note: Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign