Your examination of the records of a company that follows the cash basis of accounting tells you that the company's reported cash basis earnings in 2012 are $33,640. If this firm had followed accrual basis accounting practices, it would have reported the following year-end balances.

2012/2011

Accounts receivable $3,400 $2,800

Supplies on hand $1,300 $1,460

Unpaid wages owed $2,000 $2,400

Other unpaid amounts $1,400 $1,100

Determine the company's net earnings on accrual basis for 2012.