Please help me figure out how to solve this word problem. Thank you in advance.

1. Definition of economic costs Brian lives in New York City and operates a small company selling drones. On average, he receives $720,000 per year from selling drones. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $420,000. He also pays several utility companies, as well as his employees wages totaling $261,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $17,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Brian does not operate the drone business, he can work as a blogger and earn a yearly salary of $21,000 with no additional monetary costs, and rent out his storefront at the $17,000 per year rate. There are no other costs faced by Brian in running this drone company. Identify each of Brian's costs in the following table as either an implicit cost or an explicit cost of selling drones. Implicit Cost Explicit Cost The rental income Brian could receive if he chose to rent out his showroom O O The salary Brian could earn if he worked as a blogger O O The wholesale cost for the drones that Brian pays the manufacturer O O The wages that Brian pays O O Complete the following table by determining Brian's accounting and economic profit of his drone business. Profit (Dollars) Accounting Profit Economic Profit