You are currently a worker eaming $60,000 per year but are considering becoming an entrepreneur. You will not switch unless you eam an accounting profit that is on average at least as great as your current salary You look into opening a small grocery store. Suppose that the store has annual costs of $160,000 for labor, $40,000 for rent, and $30,000 for equipment . There is a one-half probability that revenues will be $200.000 and a one half probability that revenues will be $400.000 Instructions: For all parts, enter a loss as a negative number. If you are entering any negative numbers be sure to include a negative sign() in front of those numbers a. In the low-revenue situation, what will your accounting profit or loss be? $ -30,000 In the high-revenue situation, what will your accounting profit or loss be? b. On average, how much do you expect your revenue to be? Your accounting profit? ces Your economic profit? c. Suppose the government imposes a 25 percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after tax accounting profit be in the low-revenue case? In the high-revenue case? What will your average after-tax accounting profit be? What about your average after tax economic profit