In year 4, a nongovernmental, not-for-profit school began a campaign to raise funds for a proposed capital addition. The following information is available as of June 30, year 4: Information Received $450,000 on February 1, year 4: cash contributions from parents and alumni ; Received $600,000 on February 1, year 4: unconditional promises to give, of which $300,000 was received as of June 30, year 4; Received $50,000 on March 1, year 4: a promise from a year 1 alumnus to give $50,000 if other year 1 alumni give a total of $50,000 before September 30, year 5 Received $ 20,000 on June 30, year 4: cash contributions from year 1 alumni in response to March 1, year 4, alumni challenge What amount of cash contributions for this campaign should the school report in its June 30, year 4, statement of activities? $770,000 $1,050,000 $1,070,000 $1,090,000

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