Tilly's Trilbies has estimated the following revenues and expenditures for the next fiscal year:

Revenues $6,800,000 Cost of goods sold 5,000,000

Cost of labor 1,000,000 Advertising 100,000

Insurance 50,000 Rent 350,000

Miscellaneous expenses 100,000

Calculate Tilly's accounting profit.

Suppose that to open her trilby business, Tilly gave up a $250,000 per year job as a buyer a