Question: j Suppose that you work as a sales associate after graduation, earning $50,000 annually. Assume that you inherit a small piece of commercial real estate

Suppose that you work as a sales associate after graduation, earning $50,000 annually. Assume that you inherit a small piece of commercial real estate (that's brining in rental income of $44,000 annually) and $82,000 in a savings account (earning an annual interest rate of 5%). Suppose that you decide to leave your job and operate a small video game rental business in the commercial real estate you inherited. You do all the work yourself and you do not hire any worker. Suppose further that at the end of the first year, the total income generated from renting video games is $162,000. The total amount spend on inventory, utilities, taxes, and supplies equals $60,000. For simplicity, let's assume that all these expenses are paid upfront in the beginning of the year. To cover these expenses, you withdrew money from your savings account. What is the amount of accounting profit from opening the video game rental store? O $5,000 $8,000 $102,000 $162,000

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