During the year, LeBlanc College received the following:
• An unrestricted $70,000 pledge to be paid the following year
• A $35,000 cash gift restricted by donors for study abroad scholarships
• A notice from a recent business school graduate that he has named the college as a beneficiary of $15,000 in his will What amount of contribution revenue should LeBlanc College report in its statement of activities?
a. $35,000
b. $50,000
c. $105,000
d. $120,000