There are four lamps in Valerie's room. All of them are burnt out, so she needs to buy new light bulbs. She needs 3 small light bulbs and 1 large light bulb. She has $60 to spend. If small light bulbs cost $8 and large light bulbs cost $12, how much money will Valerie have left over?
Please reason step by step, and put your final answer within \boxed{}.
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