PA4. LO 11.2During the current year, Arkells Inc. made the following expenditures relating to plant machinery. . Renovated five machines for $100,000 to improve efficiency in production of their remaining useful life of five years Low-cost repairs throughout the year totaled $70,000 Replaced a broken gear on a machine for $10,000 a. What amount should be expensed during the period? b. What amount should be capitalized during the period