Werner Corp. purchased a new piece of equipment on January 1, 2021. The equipment had a list price of $90,000, however the seller agreed to allow Werner Corp. to pay for the equipment in 8 yearly installments of $14,000 on December 31 of each year. Assuming the note incurs interest at 6% annually, what amount should Werner Corp. debit the equipment account for on the date of purchase? (Round to the nearest dollar). Answer: $