An apartment complex owner replaces the complexs pool and deck for 75,000. The old pool was 15 years old. The owner received an invoice upon completion and will pay it in 30 days. How should the apartment owner record this transaction?

1. Debit building 75,000; credit account payable 75,000

2. Debit building 75,000; credit cash 75,000

3. Debit repair expense 75,000; credit accounts 75,000

4. Debit repair expense 75,000; credit cash 75,000