Parks Automotive (Parks) is an auto repair shop with 30 total employees (20 mechanics, 5 office workers and 5 sales staff), all operating in a single state. Parks has $4,000,000 in total auto repairs receipts divided into commercial business ($3,000,000 receipts) and personal business ($1,000,000 receipts). State law requires that Parks purchase workers compensation coverage from the private insurance market. Which one of the following best describes how the workers compensation insurer will calculate the premium to charge Parks? Available answer options Select only one option A Apply separate rates to Parks different employee classifications and accumulate the developed premium into a final total premium B Apply separate rates to Parks commercial and personal revenue streams and accumulate the developed premium to a final total premium. C Apply a single rate to Parks total annual receipts D Apply a single rate to Parks total employee headcount