An annual income statement for Quest Realty, Inc. is shown below: Revenues:

Revenue from sales of goods and services $80,000,000
Operating costs and expenses:
Cost of products and services sold $30,000,000
Selling expenses $3,000,000
Administrative expense $4,000,000
Total operating costs and expenses $37,000,000
Income from operations $43,000,000
Interest expense (corporate bonds & loans) $300,000
Non-recurring expense (Legal expenses/fines in settling a federal antitrust suit) $200,000
Income taxes $700,000
Net income $41,800,000

During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere. Total explicit costs of for Quest Realty for this year are

a. $23,000,000
b. $37,000,000
c. $38,200,000
d. $41,100,000
e. none of the above

Total implicit costs of using owner-supplied resources for Quest Realty for this year are:

a. $4,100,000
b. $19,000,000
c. $38,200,000
d. $41,000,000
e. none of the above

Total economic cost is:

a. $17,000,000
b. $38,200,000
c. $41,000,000
d. $42,300,000

Quest's accounting profit is:

a. $4,100,000
b. $9,360,000
c. $38,200,000
d. $42,300,000
e. none of the above