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What is the accounting cost for the shop what is the

Francis owns a dog grooming shop. Francis owns the building where the shop is located. Her annual revenue and operating expenses are as follows:

Revenues $224,000

Supplies $48,000

Utilities $6,000

Employee salaries . $72,000

Francis' salary . $84,000

Francis is considering closing the shop to become a professional dog trainer. If she makes this change, she would make $88,000 a year and her cousin has offered to rent the building for $30,000 annually

What is the accounting cost for the shop?
What is the economic cost for the shop? Why is it different from accounting cost?
What is the economic profit for the shop?

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