On September 10, 2022, Jingle Bells Co. incurred the following costs for one of its printing presses:

Purchase of attachment $71,500

Installation of attachment 6,500

Replacement parts for renovation of press 23,400

Labor and overhead in connection with renovation of press 9,100

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?

		$101,400
		$110,500
		$87,100
		$0.