A young chef opens his own sushi bar. To do so, he had to qu…

A young chef opens his own sushi bar. To do so, he had to quit his job, which paid $20,000 a year, and take over a store building that he owns and rented to his brother for $6,000 a year. His expenses at the sushi bar are $50,000 for food and $2,000 for gas and electricity. His revenue in the first year of operation is $64,000. Calculate his accounting profit.