Crane Company's trademark was licensed to Blossom Company for royalties of 15% of sales of the trademarked items. Royalties are payable semiannually on March 15 for sales in July through December of the prior year, and on September 15 for sales in January through June of the same year. Crane received the following royalties from Blossom:

	March 15			September 15
2019	$9000			$14000
2020	11000			18000

Blossom estimated that sales of the trademarked items would total $55000 for July through December 2020. In Crane's 2020 income statement, the royalty revenue should be