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2 3 . Answer the next two questions based upon the following information. A year ago, Shani graduated from college and decided to open her

23. Answer the next two questions based upon the following information. A year ago, Shani graduated from college and decided to open her own software company. Over the past year, her startup has generated $500,000 worth of revenue. She hired two software engineers and paid each of them $150,000 over the past year. She also purchased web-hosting services that cost a total of $30,000. In order to save money, Shani decided to run the business out of the basement of her house. Previously, she had rented this space out to a tenant for $6,000 per year. Instead of opening her own business, she could have gone to work for Microsoft and earned $200,000 over the past year. How much were the accounting profits for Shanis business over the past year?

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