Sam Smith died, leaving a will that provided that $1,000,000 be transferred to a private not-for-profit college. The college is to invest the funds for 10 years and give $40,000 each year to the granddaughter. At the end of the 10 years, the $1,000,000 can be used for any purpose desired by the college. Which of the following is true? Multiple Choice 0 The college would record revenue in the amount of $1,000,000, increasing temporarily restricted net assets. The college would not record revenue for 10 years, then a revenue would ded, increasing unrestricted net assets 0 O The college would record revenue in an amount equal to the present value of the 10 payments to the granddaughter 0 The college would record revenue in an amount equal to the $1000.000 less the present value of the 10 payments to the granddaughter 0