Tom quits his job where he was making $40,000/year. He used $200,000 from his own savings to buy the necessary equipment to open a business. The interest he was earning on his savings was 7% /year. He also stopped renting out a building he owns to use it for his business. He was earning $30,000/year in rent. His expenses during the year are: $40,000 for supplies and $100,000 for salaries. Total Revenues at the end of the year are $254,000 Explicit costs add to