Furniture Sales $655,000 Catalogue Sales $10,000 Labour Costs $335,000 Materials Costs $153,000 Advertising Costs $24,000 Debt-Service Costs $30,000 a. What would accountants determine Spruce Decor's profits to be in 2022? Spruce Decor's profits in 2022 equal $ 123000 b. Suppose Mr. Buford has $400,000 of capital invested in Spruce Decor. Also suppose that equally risky enterprises earn an 18 percent rate of return on capital. What is the opportunity cost for Mr. Buford's capital? The opportunity cost for Mr. Buford's capital is $ 72000. c. What are the economic profits for Spruce Decor in 2022? The economic profits for Spruce Decor in 2022 equal $ 51000 . d. If Spruce Decor's economic profits were typical of furniture makers in 2022, what would you expect to happen in this industry? Explain. O A. Exit would occur because economic costs exceed accounting costs. O B. Entry would occur because economic profits are positive. O C. Exit would occur because economic profit is less than accounting profit. O D. Exit would occur because economic profits are positive