An Annual Income Statement from Quest Realty, Inc During This Year of Operation, Quest Realty Owned and Occupied

An annual income statement from Quest Realty, Inc. is shown below:
$\begin{array} { l } \text {Revenues }\\ \text {Revenue from sales of goods and services }&\$80,000,000\\ \text { Operating costs and expenses:}&\\ \text {Cost of products and services sold }&\$30,000,000\\ \text {Selling expenses }&\$3,000,000\\ \text {Administrative expense }&\$4,000,000\\ \text { Total operating costs and expenses.}&\$37,000,000\\ \text {Income from operations }&\$43,000,000\\ \text {Interest expense (corporate bonds \& loans) }&\$300,000\\ \text { Non-recurring expense (Legal expenses/fines in}&\\ \text { settling a federal antitrust suit }&\$200,000\\ \text { Income taxes }&\$700,000\\ \text { Net income}&\$41,800,000\\\end{array}$

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 using market-supplied resources for Quest Realty for this year are

A) $23,000,000
B) $37,000,000
C) $38,200,000
D) $41,000,000
E) none of the above