In 2018, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $66,500. The clients signed notes receivable to Chaya that have a fair market value of $56,525 at year-end. In addition, Chaya sold a 36-month service contract on April 1, 2018, and received payment in full of $31,920.

Do not round any division. If required, round your final answer to the nearest dollar.