10. Functional expenses recorded in the general ledger of ABC, a nongovernmental not-for-profit entity, are as follows: Soliciting prospective members Printing membership benefits brochures Soliciting membership dues Maintaining donor list $45,000 30,000 25,000 10,000 What amount should ABC report as fundraising expenses? A. $10,000 B. $35,000 C. $70,000 D. $110,000