For 20X5, Queen Company reported sales of $60,000 on a cash basis. This amount includes $8,000 that was collected during 20X5 but relates to sales made in 20X4. Also included in the cash collections is $4,000 for customer deposits made on future sales that will occur in 20X6. In addition, the company collected $10,000 in 20X6 for sales that occurred in 20X5. What is the sales amount that should be reported in 20X5 on an accrual basis?