A person starts his own business, quitting a job in which he was making $85,000 Expenses are $85,000 for wages and salaries, which includes a wage for himself of $68,000 , utilities of $7,000 , rental equipment cost $42,000, and materials of $39,500. If revenue is $220,000, then: His accounting profits are: O a. $46,500 O b. $20,500 O c. $29,500 O d. $-64,500