On January 1, 2013, Pavlina signed a four year lease to rent office space from Michael. The lease commenced immediately on January 1, 2013. During 2013, Pavlina will pay Michael, $24,000 for the first year's rent, $2,000 for the last month's rent, and $2,000 as a security deposit. Pavlina and Michael agree that the security deposit will be returned by Michael at the end of the lease. How much gross income should Michael report for 2013 as a result of these items?