Ryan Company purchased a building on January 1, 2021, for $253,000. In addition, during 2021 the following costs related to the building have been incurred:

Utilities	$	15,000
Property tax		4,300
Expansion of the building		56,000
New air-conditioning system		31,000
General maintenance	$	22,000

The amount of expenditures to capitalize for the year (not including the initial purchase of the building) is:

$78,000.

$38,000.

$50,600.

$87,000.