An individual leaves a collegefaculty, where she was earning $60,000 ayear, to begin a new venture. She invests her savings of $45,000, which were earning 7 percent annually. She then spends $20,000 renting officeequipment, hires two students at $20,000 a yeareach, rents office space for $14,000, and has other variable expenses of $38,000. At the end of theyear, her revenues are $185,000.

Her accounting profit is $ ?

.