Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000. Zach's accounting profit for the year was:.
Assume that he can sell the rights to his business for $400,000 at any time.
a) -$494,000, $3,000
b) -$494,000, -$6,000
c) $6,000, $3,000
d) $6,000, -$6,000