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

A university reports the following information:
$$\begin{array} { | l | r | } \hline \text { Gross tuition billing sto students } & \$ 35,000,000 \\\hline \text { Tuition scholarships based on high school academic performance } & 2,000,000 \\\hline \text { Need-based tuition scho larships } & 8,000,000 \\\hline \text { Tuition waivers for teaching assistants } & 3,000,000 \\\hline \text { Tuition waivers for students employed in the student union } & 900,000 \\\hline \text { Estimated uncollectible tuition revenue } & 500,000 \\\hline\end{array}$$ On the university's statement of activities, net tuition revenue is:

A) $34,500,000
B) $20,600,000
C) $25,000,000
D) $21,100,000