Exercise $6-4$A $($Algo$)$ Determining the cost of an asset LO $6-1$

Southwest Milling Co$.$ purchased a front$-$end loader to move stacks of lumber. The loader had a list price of $$118,430.$ The seller agreed to allow a $6\mathrm{.}25$ percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $$2,410.$ Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $$990.$ The loader operator is paid an annual salary of $$36,920.$ The cost of the company's theft insurance policy increased by $$1,970$ per year as a result of acquiring the loader. The loader had a four$-$year useful life and an expected salvage value of $$14,700.$

Required

Determine the amount to be capitalized in the asset account for the purchase of the front$-$end loader. $($Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.$)$

$\backslash$table$[[$Costs that are to be capitalized:,$],[$List price,$