[Solved] Scenario 13-7 Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000, and her expenses for the business were $15,000. When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting business. -Refer to Scenario 13-7. Julia's economic profits are A)$160,000. B)$150,000. C)$135,000. D)$125,000. Basal Body: A cellular structure that forms the base of a eukaryotic cilium or flagellum, acting as a template for its assembly and anchoring it to the cell. Light Microscope: An instrument that uses visible light and a system of lenses to magnify small objects, enabling the observation of cells and other small structures. Micrographs: Photographic or digital images taken through a microscope to magnify objects that are too small to be seen by the naked eye. Cell Theory: Theory that all organisms consist of one or more cells, which are the basic unit of life; all cells arise by division of preexisting cells; and all cells pass hereditary material to offspring.