Kumar owns a food truck specializing in seafood where he works full-time with one other paid employee. His total revenue last year was $125,000, and his truck payment was $1,500 per month. He pays his one employee $2,000 per month, the cost of ingredients averages $2,800 per month, and other costs of $ 500 per month. Kumar could earn $45,000 per year as the manager of a competing seafood restaurant nearby. Identify the following:

a. Kumar's Annual Explicit Costs

b. Kumar's Accounting Profit for the year

c. Kumar's Economic Profit for the year