An individual leaves a college faculty, where she was earning $80,000 a year, to begin a new venture. She invests her savings of $20,000, which were earning 10 percent annually. She then spends $40,000 renting office equipment, hires two students at $60,000 a year each, rents office space for $24,000, and has other variable expenses of $80,000. At the end of the year, her revenues are $400,000. What are her accounting profit and her economic profit for the year?