During February 2020, the first month of operations, Vaughn Consulting firm had following transactions: Issued common stock to owners in exchange for $32,000 cash. Purchased $8,000 of equipment, paying $1,600 cash and signing a promissory note for $6,400. Received $14,400 in cash for consulting services performed in January. Purchased $2,400 of supplies on account; all of the supplies were used in January. Provided consulting services on account in the amount of $25,600. Paid $1,200 on account. Paid $4,800 to employees for work performed during February. Received a bill for utilities for February of $5,450; the bill remains unpaid.

What is the amount of total revenue to be reported on the income statement for the month of February?