Sylvester Sueem, attorney-at-law, reports his income on the cash basis. Last year his books reflected the following:

Cash collected on billed fees	$100,000
Retainers received for next year's work	12,000
Uncollected but billed fees for work performed	15,000
Expenses paid	30,000
Unpaid bills for office supplies	500
Amount received from client and put in a third-party escrow account pending the outcome of a lawsuit	20,000

Sylvester's net self-employment income last year was:

	$70,000
	$84,500
	$82,000
	$96,000