3) Below is the financial information for one year of operation for a lawn care business and its owner. i) Categorize the costs and calculate the profit (loss) based on the economic point of view towards costs and profitsormal/economic profits.

Depreciation $2,000 Equipment leases $80,000 Alternative wages if 45,000 Return on investment if 4,000 owner worked at owner left money in bank another business1 rather than own business? Services revenue from 160,000 Rent for storage unit 12,000 lawn care Employee wages (2 15,000 Risk premium desired on 12,000 part-time workers) savings used to start biz.3