Nate Company experienced the following accounting events during the current year. 1. Started operations on January 1 when it acquired $22,800 cash by issuing common stock. 2. Earned $42,700 of revenue on account. 3. On April 1 collected $42,900 cash as an advance for services to be performed for a one-year period starting April 1. 4. Collected $22,000 cash from accounts receivable. 5. On December 31 adjusted the books to recognize the revenue earned by providing services related to the advance described in Event 3. What amount of revenue would Nate report on the current year income statement