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Royce Rentals, Inc., an accrual-basis taxpayer, reported rent receivable of $25,000 and $35,000 in its 2012 and 2011 balance sheets, respectively. During 2012, Royce received $50,000 in rent payments and $5,000 in nonrefundable rent deposits. In Royce’s 2012 corporate income tax return, what amount should Royce include as rent revenue?