Suppose a dentist is organized as a sole proprietorship. Last year the dentistâs total revenue was $320,000 and total costs were $250,000. The dentist left a job paying $112,00 a year to start the business. According to the information in the scenario above, how much accounting profit did the dentist make last year? a. $112,000 b. -$28,000 c. $70,000 d. $182,000 e. -$42,000
