A person starts his own business, quitting a job in which he was making $65 000. Expenses are $90 000 for wages and salaries, which includes a wage for himself, utilities of $5 000, equipment of $50 000, and materials of $40 000. If revenues are $210 000, his accounting profits are Select one a. $95 000 b. $25 000 c. -$70 000 d. -$45 000