Jasmine sold a rental property for \($675,000\) in the current year. She had initially purchased the property for \($500,000.\) Jasmine replaced the roof two years ago for \($35,000\) and remodeled the kitchen last year for \($25,000.\) Before listing the rental property for sale, Jasmine had the inside painted for \($500\) and the fence repaired for \($800.\) As of the date of the sale, accumulated depreciation was \($63,500.\) What is Jasmine’s adjusted basis in the rental property?

a. $496,500

b. $497,800

c. $500,000

d. $561,300