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Production costs Question 4 John was a high school teacher earning $ 80000 per year. He quit his job to start his own business in pizza catering. In order to learn how to run the pizza catering business John enrolled in a TAFE to acquire catering skills. John's course was for 3 months. John had to pay $2,000 as tuition for the 3 months. After the training. John withdrew $110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed $50,000.00 from his friend whom he pays 6 percent interest per year. Further. to start the business John used his own premises. He was receiving $12. 000 'om rent per year. Finally. to start the business John uses $50,000 he had been given by his father to go on holiday to USA John's rst year of business can be summarised as follows: Item Amount $ Revenue- Pizza Section 400.000 Revenue- Beverages Section 190.000 2 Cashiers (wages per worker) 55,000 Pizza ingredients 50,000 Manager 75,000 3 Pizza bakers (wages per baker) 60,000 Equipment 10,000 Based on your calculated accounting prot and economic prot. would you advise John to return to his teaching job? Show your work