Apple had sales of $200,000 for the year ended 12/04 that included the following items:

-A cash receipt of $12,000 for a promotional project for the last two weeks of December and the first week of January

-Accounts receivable of $10,000 for work performed in November, but the payment was not received yet.

Referring to the above and using the accrual basis of accounting, what should Apple, record as sales for the year ending 12/04?