In 2012,a Major Drug Company Agreed to Give a Not-For-Profit

In 2012,a major drug company agreed to give a not-for-profit private college $300,000 to perform testing of a new drug.An advance payment of $200,000 was received in 2012.The college was to receive $1,500 per individual test.In 2012,the college completed 100 tests.How much revenue should the college report for 2012?

A) $300,000
B) $100,000
C) $150,000
D) $200,000