$($CPA$)$ On September $10,2022,$ Jingle Bells 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.$

$$0.$

$$78,000$

$$67,000$