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Question 7 10 pts Elvin provides account services. In his first year of operation, he: rented an office for $26,000; paid employees $52,000; paid himself

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Question 7 10 pts Elvin provides account services. In his first year of operation, he: rented an office for $26,000; paid employees $52,000; paid himself $89,000; and received revenues of $170,000. Based on this information, what were his economic profits if he could have instead job paying him $50,000 per year? Round to two decimal places, do not enter a currency symbol, and enter the negative sign if profits are negative. If Elvin lost $1.125, enter -1.13

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