For the 2013 Fiscal Year, the Benevolent Society, a Not-For-Profit

For the 2013 fiscal year, The Benevolent Society, a not-for-profit organization, received $300,000 in unrestricted donations and $175,000 in donations designated specifically for bone marrow research. $200,000 of the unrestricted donations and $100,000 of the restricted donations were expended in 2013 for current operations and bone marrow research, respectively. The Society did not set up a separate fund for the restricted donation. How much of the donations should be reported as revenue in the statement of operations for the 2013 fiscal year?

A) $375,000
B) $400,000
C) $475,000
D) $300,000