4 . CPA - 01229 At the beginning of the year , the Baker Fund , a non - governmental not- for - profit corporation , received a $125 000 contribution restricted to youth activity programs . During the year youth activities generated evenues of $89 000 and had program expenses of $95 000 . What amount should Baker report as net assets released from restrictions for the current year ? a . 50 b . $6000 C. 595. 000 $125 090