Ryan Company purchased a building on January 1, 2021, for $250,000. In addition, during 2021 the following costs related to the building have been incurred: Utilities $ 12,000 Property tax 4,000 Expansion of the building 53,000 New air-conditioning system 28,000 General maintenance $ 19,000 The amount of expenditures to capitalize for the year (not including the initial purchase of the building) is:
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