On September 10, 2020, Swifty Corporation incurred the following costs for one of its printing presses:

Purchase of attachment $50000

Installation of attachment 5300

Replacement parts for renovation of press 16800

Labor and overhead in connection with renovation of press 6500

Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?

$78600.

$0

$61800.

$72100.