35. In December 2016, a donor to a college established a trust in which college receives 31 | Plage $ 500,000 to be invested. The college receives $ 4,000 of the income per year until the donor dies. At that point, the assets revert to the donor's estate. The college estimates that the present value of the anticipated receipts from the trust amount to $ 120,000. How should this $ 120,000 be recorded in 2016, assuming The College is a public institution The College is a private institution Contribution revenue Deferred inflow A) B) Contribution revenue Contribution revenue Deferred inflow C) Contribution revenue D) Deferred inflow Deferred inflow 11 Il TOTS