Mr. Blossom is exploring options to reduce the annual bookkeeping costs. Option 1: Renegotiate the current contract with the bookkeeping service to pay a flat fee of $10,260 per year plus $1 per customer per month. Option 2: Hire a part-time bookkeeper for $18,844 per year to handle the invoicing and simple accounting. He would need to pay $5,500 per year to have taxes and year-end financial statements prepared