Stillwater Youth Programs (SYP) purchased a used school bus to use in transporting children for its after school program Required: Select whether SYP should capitalize or expense each of the following expenses related to the bus in the current year PMN 1. Replaced a blown tire on the bus for $175 2. Installed new seats on the bus at a cost of $5,000 Installed a sound system to entertain the children in transit and announce upcoming events at a cost of $1,000 4. Pald insurance on the school bus for the current year, which increased 10% over the prior year to an annual premium of $2,800 5. Performed annual maintenance and repairs for $1,400 Overhauled the engine at a cost of $6,500, increasing the service life of the bus 6 by an estimated three years