report contribution

report contribution
Kerry College, a private not-for-profit college, received $25,000 from Ms. Mary Smith on April 30, 2005. Ms. Smith stipulated that her contribution be used to support faculty research during the fiscal year beginning on July 1, 2005. On July 15, 2005, administrators of Kerry awarded research grants totaling $25,000 to several faculty in accordance with the wishes of Ms. Smith. For the year ended June 30, 2005, Kerry College should report the $25,000 contribution as
Temporarily restricted revenues on the statement of activities.
Unrestricted revenue on the statement of activities.
Temporarily restricted deferred revenue on the statement of activities.
An increase in fund balance on the statement of financial position.