Jaynet spends $25,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer was for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 15 paintings per year at a price of $12,000 each.

a What are her accounting profits?

$___________

b. What are the economic profits?

$____________