calculate eco profit and accounting profit

Calculate Economic profit and Accounting profit from the figures given below for ABC Company. (3 marks) a Total revenue 5 500,000 a Wages and salaries S 40,0000 0 Forgone salary 5 80,000 0 Interest paid 5 10,000 - Forgone rent 5 10,000 0 Raw materials 5 50,000 0 Other payments 5 20,000 - Forgone interest 5 7,000