A Nongovernment Not-For-Profit Organization Received a Cash Donation of $100,000

A nongovernment not-for-profit organization received a cash donation of $100,000 restricted for a specific operating purpose. Only $20,000 of expenses related to the specific operating purpose was incurred during the current year. How should this activity be reported be in the statement of activities?

A) Expenses in changes in net assets without donor restrictions, $20,000.
B) Expenses in changes in net assets with donor restrictions, $20,000.
C) Both revenues of $100,000 and expenses of $20,000 in changes in net assets without donor restrictions.
D) Both expenses and net assets released from restrictions of $20,000 in changes in net assets with donor restrictions.