Abby Jetferson is an attoeney employed by a large law firm at a salary of $120,000 per year. She is considering whether to become a sole practitioner, which would peobably generate annuaily $410,000 in operating revenuos and $300,000 in operating expenses Requirements 1. Present two tabulations of the annusal income eflects of these alternatives. The second tabulabion should include the opportunity cost of Jeflerson's compensation as an employe0 2. Suppose Jefferson prefers less risk and chooses to stay an employee. Show a tabulation of the income effects of rejecting the opportunity of independent practice. Begin by performing an incrementaf analysis assuming that Jetlerson becomes a sole practioner (Use a minus sign or parentheses to show a decrease in incremental income.) Now perform the income effect analysis taking an opportunity-cost approach. (Use a minus sign or parentheses to show a decroase in income.) Expenses: Incremental benefits Opportunity cost of employee salary Outlay costs (operating expenses) Revenue