Using the following data (which is the same as the data in question 21:

Jane's accounting profits in her first year: - $10,000 (loss)

Jane quit her job at AC transit where she earned $48,000 a year to start a commuter service. She sold $60,000 of bonds she owned, which earned 5% interest annually, to buy a mini-bus. The business revenue comes from 1000 people who paid $500 each for a year of commuter service. Each person costs Jane $450 per year for gas, insurance, etc.

What are Jane's total implicit costs per year? Please write your answer in the text box below. Please show your calculation for full credit.