Jim Has Compiled the Following List of Expenses After Completing

Essay

Jim has compiled the following list of expenses after completing one year of college. Assume that Jim would be living with his parents and working if he weren't attending college. Use this information to calculate Jim's economic cost of attending college for one year.
$$\begin{array} { l r } \text { Tuition } & 10,000 \\\text { Dormitory room } & 6,000 \\\text { Books and supplies } & 1,000 \\\text { Food plan } & 4,000 \\\text { Forgone income } & 22,000 \\\text { Entertainment expenses } & 3,000 \\\text { Clothing } & 1,000 \\\text { Health insurance } & 2,000\end{array}$$