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Just need number 2 answered EST 2 F21 Time Left:0:51:19 Grace Mitchell: Attempt 1 Sally quit her job as an auto mechanic earning $50,000 per

Just need number 2 answered

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EST 2 F21 Time Left:0:51:19 Grace Mitchell: Attempt 1 Sally quit her job as an auto mechanic earning $50,000 per year to start her own business. To save money she operates her business out of a small building she owns which, until she started her own business, she had rented out for $10,000 per year. She also invested her $20,000 savings (which earned a market interest rate of 5% per year) in her business. You are given the following information about the first year of her operations. [Show your work] Total revenue $120,000 Cost of labor 40,000 Cost of materials 15,000 Equipment rental 5,000 1. Sally's economic cost of running her business. (2 marks) 2. Sally's accounting cost of running her business. (1 mark) O P 9C EN O0 5 acer

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