Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $123,370. The seller agreed to allow a 4.50 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,220. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1,190. The loader operator is paid an annual salary of $18,640. The cost of the company's theft insurance policy increased by $1,870 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $5,200. Required Determine the amount to be capitalized in the assetlaccount 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. Costs that are to be capitalized: List price Total costs $ 0

Southwest Milling Company purchosed a front-end loader to move stacks of lumber. The loader had a list price of $123,370. The seller agreed to allow a 4.50 percent discount becouse Southwest Milling pald cash. Delivery terms were FOB shipping point. Freight cost amounted to \$2,220. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1,190. The loader operator is paid an annual salary of $18.640. The cost of the company's theft insurance policy increased by $1,870 per year as a result of acquiring the loader. The looder had a four-year useful life and an expected salvage value of $5,200 Required Determine the amount to be capitalized in the assetiaccount 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