Tom quits his job where he was making $70,000/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. His expenses during the year are: $40,000 for supplies, $100,000 for salaries and 30,000 for rent. Total Revenues at the end of the year are $254,000 Explicit costs add to Group of answer choices Zero $84,000 None of these answers is correct $170,000 $254,000