4) Use the accounts listed below to answer the questions about the profit of a business. Total Revenue ..$100,000 Hired Labor $25,000 Materials Purchased .$25,000 Interest that the owner could have earned on an alternative investment $5,000 Income the owner could have earned by renting the firm's building $4,000 Utility Payments $5.000 Income the owner could have earned in an alternative business venture Cost of shipping the firm's output to buyers $1,000 a) Identify the explicit costs incurred by this business. Why are they explicit costs? (2 points) b) Identify the implicit costs incurred by the business. Why are they implicit costs? (2 points) c) How much accounting profit does the firm make? Show your work. (2 points) d) How much economic profit (loss) does this firm make? Show your work. (2 points) e) If these financial results continue in the long ruli , will this firm stay in this business? (2 points) $30,000