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Mush Fitness finished the year with $78,750 in gross receipts and sales. During the year, customers of Mush Fitness were refunded a total of $835.

Mush Fitness finished the year with $78,750 in gross receipts and sales. During the year, customers of Mush Fitness were refunded a total of $835. The total compensation expense for their officers was $50,000. The company also paid their facility's annual rent of $15,000. What is the total income reported on their Form 1120-S?

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