John quit his job at State University where he earned $55,000 a year. He also did some consulting on the side for an additional $15,000 a year. To start the business, he cashed in $100,000 in bonds that had earned 5% interest annually to buy a software company. In the first year, the firm sold 10,000 units of software at $80 for each unit. John's costs of production are, 10,000 for packaging, 100,000 for marketing, 400,000 for employee wages and benefits, and 90,000 for rent on a building.

Refer to the above information. The total revenues for the firm in the first year were:

$50,000.

$100,000.

$600,000.

$800,000.