Frick Corp. maintains its accounting records on the cash basis but restates its financial statements to the accrual method of accounting. Frick had $60,000 in cash-basis pretax income for 2015. The following information pertains to Frick's operations for the years ended December 31, 2015 and 2014:

2015	2014
Accounts receivable	$20,000	$40,000
Accounts payable	15,000	30,000

Under the accrual method, what amount of income before taxes should Frick report in its December 31, 2015 income statement?