In 2016, Doug taught music and earned $40,000. He also earned $4,000 by renting out her basement. On January 1st, 2017, he quit teaching, stopped renting out his basement, and began to use it as the office for his Web site design business. Doug took $1,000 from his savings account to buy a computer, however, he had to borrow and extra $2000 from the bank at 7% interest to cover the total cost of the computer. During 2017, he paid $2,500 for the lease of Web server and $2,750 for high-speed Internet service as well as $400 for office supplies. His total revenue from Web site designing was $55,000 and he earned interest at 4% on his saving account balance. A the end of 2017, Jane could have sold her computer for $750. Answer the following Questions: 1. Determine Doug's Accounting Profit using a Balance Sheet Format (3.5 marks) 2. Determine Doug's Economic Profit using a Balance Sheet Format. (5.5 marks) Please be neat and well organized when typing in your answer in the box provided