5. During the year, Jones Foundation received the following support:

• A cash contribution of $875,000 to be used at the board of directors’ discretion;

• A promise to contribute $500,000 in the following year from a supporter who has made similar contributions in prior periods;

• Contributed legal services with a value of $100,000, which Jones would have otherwise purchased.

At what amounts would Jones classify and record these transactions?

Unrestricted revenue Temporarily restricted revenue

a. $ 875,000 $500,000

b. $ 975,000 $500,000

c. $ 975,000 $0

d. $1,375,000 $0