A taxpayer running a business makes the following purchases during the year: Addition of a wing to their business office for a cost of $275,000 Repainting the inside of the building to match the new wing for $10,000 Repaving the entire parking lot of $12,500 Purchasing new business furniture for $20,000 What is the total amount that is considered a capital improvement to the building itself? Select one: a. $327,500 b. $307,500 c. $275,000 d. $287,500