During the Year, the United Way Receives $100,000 in Cash

During the year, the United Way receives $100,000 in cash contributions that are donor-designated for the Salvation Army. The United Way distributes $80,000 of these contributions to the Salvation Army by year-end. This information is reported in the United Way's financial statements for the year as:

A) Contributions revenue of $100,000, increasing net assets with donor restrictions, and expenses of $80,000, reducing net assets with donor restrictions, both on the statement of activities.
B) Liability to the Salvation Army of $20,000 on the statement of financial position.
C) Receivable from the Salvation Army of $20,000 on the statement of financial position.
D) Contributions revenue of $100,000, increasing net assets with donor restrictions, net assets released from restrictions of $80,000, increasing net assets without donor restrictions and reducing net assets with donor restrictions, and expenses of $80,000, reducing net assets without donor restrictions, all on the statement of activities.