A Private, Not-For-Profit Hospital Received the Following Restricted Contributions and Other

A private, not-for-profit hospital received the following restricted contributions and other receipts during the year ended December 31, 20X8: None of the contributions or other receipts were expended during the ended December 31, 20X8. For the year ended December 31, 20X8, what amount would be reported on the hospital's statement of changes in net assets as an increase in temporarily restricted net assets?

A) $1,500,000
B) $1,200,000
C) $500,000
D) $300,000