Jill took $$80,000$ that she had in savings and started her own business. If left in investments, she would have earned $$8,000$ this year. Jill also left a job that paid her $$80,000$ a year and plans on paying herself $$60,000.$ Materials and other labor costs will be $$90,000.$ The company is located in a building that Jill owns. She has an insurance and mortgage payment of $$40,000.$ She could have rented the building out for $$50,000.$

What are the accounting and economic costs?

The accounting cost is $ and the economic cost is $