$1.$ Using the data below, how much is accounting profit? $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Revenue $=$ $$100,000$

Explicit costs $($expenses$)=$ $$60,000$

Opportunity cost of owner$$s time $=$ $$40,000$

Opportunity cost of owner$$s funds $=$ $$5,000$