Kelly runs a small souvenir business.He hires one helper at $12,000 per year, pays annual rent of $5,000 for her shop, and spends $20,000 per year on materials.She has $40,000 of her own funds invested in equipment (sewing machines, kilns and so forth) that could earn her $4,000 per year if alternatively invested.She has been offered $15,000 per year to work as a partner with a competitor.She estimates her entrepreneurial talents are worth $3,000 per year. Total annual revenue from sales of Souvenir is $72,000.

Using the table below calculate the accounting profit and the economic profit for Kelly's souvenir business.