Nick lives in Dallas and operates a small company selling drones. On average, he receives $849,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $390,000. He also pays seyeral utility companies, as well as his employees wages totaling $359,000. He owns the building that houses his storefront} if he choose to rent it out, he would receive a yearly amount of $32,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Nick does not operate the drone business, he can work as a programmer and earn a yearly salary of $25,000 I.yith no additional monetary costs, and rent out his storefront at the $30,000 per year rate. There are no other costs faced by Nick in running this drone company. Identi/ each of Nick's costs in the foiiowing' tabie as either an impiicii' cost or an expir'cit cost of seiiing' drones. Implicit Cost Explicit Cost The wholesale cost for the drones that Nick pays the manufacturer 0 O The salary Nick could earn if he worked as a programmer O O O O The wages that Nick pays DO The rental income Nick could receive if he chose to rent out his showroom Complete the following table by determining Nick's accounting and economic profit of his drone business. Profit (Dollars) Accounting Profit Economic Profit