James recently opened a new restaurant. His initial expenses are listed below:

Purchase building:	$100,000
Advertising:	$25,000
Kitchen equipment:	$50,000

All of these expenses were paid immediately.

• The building can be easily resold for the full purchase price.
• $9,000 of the advertising expenses are for print ads and radio spots that have already been printed/aired. The remaining ads will be aired in future fiscal years. However, if all future ads are canceled, only $5000 will be refunded.
• The kitchen equipment was purchased new, but the resale value is only $35,000.

How much of the total costs in this situation are sunk costs?