Exercise 16-21 (Algorithmic) (LO. 2) In 2019, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $62,500. The clients signed notes receivable to Chaya that have a fair market value of $53,125 at year-end. In addition, Chaya sold a 36-month service contract on April 1, 2019, and received payment in full of $30,000. Do not round any division. If required, round your final answer to the nearest dollar. How much gross income does Chaya report from these transactions in 2019? $