Southwest Milling Company purchased a front-end loader to move stacks of lumber. The loader had a list price of $116,300. The seller agreed to allow a 5.25 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Transportation cost amounted to $2,600. Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $1,220. The loader operator is paid an annual salary of $31,450. 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 \$5,600. Required: Determine the amount to be capitalized in an 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