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K-box fitness finish the year with $54,321 in gross receipts and sales. During the year, customers of K-Box fitness were refunded a total of $876.

K-box fitness finish the year with $54,321 in gross receipts and sales. During the year, customers of K-Box fitness were refunded a total of $876. The total compensation expense for their officers was $29,835. The company also paid their facilities annual rent of $9900. What is the total income reported on the form 1120-S line 6

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