Ben teaches golf lessons at a country club under a business called Bens Pure Swings (BPS). He operates this business as a sole proprietorship on the accrual basis of accounting. This year BPS billed clients for $96,700 and collected $61,000 in cash for golf lessons completed during the year. In addition, BPS collected an additional $14,500 in cash for lessons that will commence after year end. Ben hopes to collect about half of the outstanding billings next year but the rest will likely be written off. Besides providing private golf lessons, BPS also contracted with the country club to staff the driving range. This year BPS billed the country club $27,200 for the service. The club paid $16,000 of the amount but disputed the remainder. By year end the dispute had not been resolved, and while Ben believes he is entitled to the money, he has still not collected the remaining $11,200. What is the amount of revenue recognized by BPS? Continuing the facts from the prior question, BPS has accrued the following expenses (explained below): Bad Debt expense $12,850 Advertising (in the clubhouse) 12,150 Pro Golf Teachers Membership Fees 860 Supplies (golf tees, balls, etc.) 4,720 Club Rental 6,800 Malpractice Insurance 1,200 Accounting Fees 7,820 The expenditures were all paid for this calendar year with several exceptions. First, Ben initiated his golfers malpractice insurance on July 1st of this year. The $1,200 insurance bill covers the last six months of this calendar year and the first six months of next year. At year end Ben had only paid $600, but he has assured the insurance agent he would pay the remaining $600 early next year. Second, the amount paid for club rental ($100 per week) represents rental charges for the last six weeks of the previous year, for the 52 weeks in this calendar year, and the first 10 weeks of next year. Ben has also mentioned that BPS only pays for supplies that are used at the club. Although BPS could buy the supplies for half the cost elsewhere, Ben likes to throw some business to the golf pro shop because it is operated by his brother. What is the amount of deductions claimed by BPS?