Kate Chastain is opening her own private yacht chartering business. Kate financed her business by withdrawing money from her personal savings account. If she didn't use her own savings, she would have earned $300 in interest next year. If Kate hadn't started her own private yacht chartering business, she would have earned a salary of $25,000 "Below Deck". In her first year, Kate's revenues were $30,000, and she spent $1,000 on crew. Which of the following statements is correct? O Kate's total explicit costs are $26,300. O Kate's total implicit costs are $300. O Kate's economic profit is $3,700. O Kate's accounting profits exceed her economic profits by $300