Gino, a programmer, earned $45,000 in 2018, but in 2019, he opened a landscaping business. After one year, he submitted the information on the right to his accountant. Gino's accountant recorded the depreciation on Gino's cottage during 2019 as $6,000. What did the accountant say Gino's profit or loss was in 2019? According to the accountant, Gino's profit in 2019 is OA. $199,200 OB. $136,450 OC. $20,000 OD. $14,000 OE. $130,450 i Question Facts !!! iv He stopped renting out his cottage for $5,000 a year and used it as his business premises. The market value of the cottage increased from $92,000 to $94,000. He spent $15,000 on materials, phone, utilities, etc. He leased machines for $14,000 a year. He paid $5,000 in wages. He used $15,000 from his savings account, which earns 5 percent a year interest. vi He borrowed $10,000 at 8 percent a year from the bank. vii He sold $240,000 worth of landscaping. viii Normal profit is $20,000 a year.