A University Reports the Following Information On the University's Statement of Activities, Net Tuition Revenue Is

A university reports the following information:
$$\begin{array} { | l | r | } \hline \text { Gross tuition billing s to students } & \$ 60,000,000 \\\hline \text { Tuition scholarshipsgranted to students } & 20,000,000 \\\hline \text { Tuition waivers for teaching assistants } & 5,000,000 \\\hline \text { Estimated uncollectible tuition revenue } & 800,000 \\\hline\end{array}$$ On the university's statement of activities, net tuition revenue is:

A) $35,000,000
B) $40,000,000
C) $59,200,000
D) $55,000,000