In 2019, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $78,500. The clients signed notes receivable to Chaya that have a fair market value of $66,725 at year-end. In addition, Chaya sold a 36-month service contract on April 1, 2019, and received payment in full of $37,680.

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?