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Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am asking that you

Hello, I have successfully added my answers but I am not sure if they are correct, if they are incorrect, I am asking that you help me please, thank you.

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Bob lives in Philadelphia and runs a business that sells pianos. In an average year, he receives \"04,000 from selling pianos. Of this sales revenue, he must pal.r the manufacturer a wholesale cost of $404,000; he also pays wages and utility bills totaling $286,000. He owns his showroom; if he chooses to rent it out, he will receive $3,000 in rent per year. Assume that the value ofthis showroom does not depreciate over the year. Also, if Bob does not operate this piano business, he can work as an accountant. receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $3,000 per year rate. No other costs are incurred in running this piano business. Identi.' each of Bob's costs in the following table as either an implicit cost or an explicit cost of selling pianos. Implicit Cost Explicit Cost The wholesale cost for the pianos that Bob pays the manufacturer @ O The rental income Bob could receive if he chose to rent out his showroom 0 The salary Bob could earn if he worked as an accountant @ 0 0 The wages and utility hills that Bob pays Complete the following table by determining Bob's accounting and economic prot of his piano business. Prot (Dollars) Accounting Profit 2,000 Economic Prot

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