Peggy-Sue’s cookies are the best in the world

Question and Exercise 11-2 (algo)Peggy-Sue’s cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work at $75,000 per year. Currently, she is producing her own cookies, and she has revenues of $250,000 per year. Her costs are $20,000 for labor, $25,000 for rent, $40,000 for ingredients, and $6,000 for utilities. She has $150,000 of her own money invested in the operation, which, if she leaves, can be sold for $30,000 that she can invest at 20 percent per year.a. Calculate her accounting and economic profits.Instructions:Round your answers to the nearest whole dollar and use a (-) if the number is negative.Accounting profit is $.Economic profit is $.b. Advise her as to what she should do.As an economist, I would advise Peggy-Sue to:decline the job at Cookie Monster Inc. because she is currently earning an economic profit.$