Exercise $8-4$A $($Algo$)$ Determining the cost of an asset LO $8-1$

Southwest Milling Company purchased a front$-$end loader to move stacks of lumber. The loader had a list price of $$122,490.$ The seller agreed to allow a $5\mathrm{.}50$ percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Transportation cost amounted to $$2,920.$ Southwest Milling had to hire a specialist to calibrate the loader. The specialist's fee was $$1,030.$ The loader operator is paid an annual salary of $$7,790.$ The cost of the company's theft insurance policy increased by $$1,830$ per year as a result of acquiring the loader. The loader had a four$-$year useful life and an expected salvage value of $$9,200.$

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.