please answer and show calculations

QUESTION 1 (13 marks) 1.1 For the month of January 2021, PJ, a lawyer based in Coastal town had the following figures; Income N$ 50 000 Expenses: Water and electricity N$ 4 000 Salaries and wages N$ 20 000 Stationery N$ 2 500 If PJ had not become a lawyer, he could have become an Accountant and could be earning N$ 15 000 net per month. Calculate Accounting and Economic profit for PJ for the month of January 2021 1.2. Differentiate between economic and accounting profit QUESTION 2 (7 Marks) Define Principal- Agent problem and principal-Agent Problem. List/explain 5 ways that can be used to solve Principal-Agent