On September 10, 2010, Flint Co. incurred the following costs for one of its printing presses:
Purchase of attachment ..................$55,000 Installation of attachment...................5,000 Replacement parts for renovation of press............18,000 Labor and overhead in connection with renovation of press.... 7,000
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?$85,000$78,000$67,000$0