On january 1, 2018, dreamworld co. began construction of a new warehouse. the building was finished and ready for use on september 30, 2019. expenditures on the project were as follows: january 1, 2018 $ 307,000 september 1, 2018 $ 459,000 december 31, 2018 $ 459,000 march 31, 2019 $ 459,000 september 30, 2019 $ 307,000 dreamworld had $5,300,000 in 13% bonds outstanding through both years. dreamworld's average accumulated expenditures for 2018 was:

Sean lives in dallas and runs a business that sells boats. in an average year, he receives $722,000 from selling boats. of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if sean does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this boat business.identify each of sean's costs in the following table as either an implicit cost or an explicit cost of selling boats.implicit costexplicit costthe wages and utility bills that sean pays the rental income sean could receive if he chose to rent out his showroom the salary sean could earn if he worked as a paralegal the wholesale cost for the boats that sean pays the