Louisiana Logging Co. purchased an electronic s

Louisiana Logging Co. purchased an electronic saw to cut various types and sizes of logs. The saw had a list price of $122,680. The seller agreed to allow a 5.50 percent discount because Louisiana paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,280. Louisiana had to hire an individual to operate the saw. Louisiana had to build a special platform to mount the saw. The cost of the platform was $1,000. The saw operator was paid an annual salary of $20,090. The cost of the company’s theft insurance policy increased by $2,320 per year as a result of acquiring the saw. The saw had a five-year useful life and an expected salvage value of $10,800.

Required

Determine the amount to be capitalized in the asset account for the purchase of the saw. (Round your answers to the nearest whole dollar amount.)