Water Balloon Inc owns a balloon making machine. The machine's historical cost is $1,720,000 and the company incurred the following expenses related to the machine: Repainted the machine 18,000 Shipping 45,700 Replaced parts with new parts 69,800 Registration 3,687 Insurance while shipping 1,500 1. Determine which incurred costs (.25 points each) should be capitalized and which should be expensed