A private not$-$for$-$profit entity receives $$32,000$ in cash from solicitations made in the local community. The charity receives an additional $$1,500$ from members in payment of their annual dues. These members receive benefits of commensurate value to the amount paid as dues. How should these receipts be reported?

Multiple Choice

Exchange revenues of $$33,500$

Contribution revenues of $$33,500$

Contribution revenues of $$32,000$ and exchange revenues of $$1,500$

Contribution revenues of $$16,750$ and exchange revenues of $$16,750$