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

A child psychologist donated her time to her church to provide daycare for small children while church services were in session.

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.