In June 20X0, a public university bills and collects $30 million in tuition for the summer semester that runs from June 1 through July 15. In addition, in May and June it bills $200 million for the fall semester that runs from September 1 through December 15. Of this amount it collects only $80 million (expecting to collect the balance prior to September 1). In its statement of revenues and expenses for its year ending June 30, 20X0 it should recognize as tuition revenue 

a. $20 million
b. $30 million

c. $100 million
d. $110 million