Eаgle Cоrp. purchаsed а new piece оf equipment оn January 1, 2024. The equipment had a list price of $110,000, however the seller agreed to allow Eagle Corp. to pay for the equipment in 10 yearly installments of $14,000 on December 31 of each year. Assuming the note incurs interest at 8% annually, what amount should Eagle Corp. debit the equipment account for on the date of purchase? (Round to the nearest dollar). Answer: $_______