Colten has several items he purchased over the past couple of years, for personal use; however, converted to business use this year. The FMV of the assets was $17,644 and the basis was $22,000 at the time they were converted to business property. Coltens Uncle Matt gave him new equipment for use in the business, which had a cost basis of $9,650 and a FMV of $10,000. In addition to the items listed above, Colten purchased additional tools and various equipment totaling $24,745. He also purchased software, for his business, which cost $3,215 and a security system for the building which cost $4,975. What is the basis of the business assets?

a) $60,229

b) $64,640

c) $54,990

d) $50,579