Indicate how the following contributed service would be recorded by a private, non-profit organization:

A local plumber donates his services to a church that is repairing the home of a fire victim. He will be working on the homes plumbing.

The contribution is not recorded.

The contribution is recorded as revenue with an equal amount recorded as expense.

The contribution is recorded as revenue with an equal amount recorded as other financing uses.

The contribution is recorded as an asset with an equal amount recorded as expense.

The contribution is recorded as an asset with an equal amount recorded as contribution revenue.