73. During the year, Public College received the fol- lowing: An unrestricted $50,000 pledge to be paid the following year. A $25,000 cash gift restricted for scholarships. A notice from a recent graduate that the college is named as a beneficiary of $10,000 in that graduate's will. What amount of contribution revenue should Public College report in its statement of activities? a. $25,000. b. $35,000. c. $75,000. d. $85,000. 74. A voluntary health and welfare organization re- ceived a $700,000 permanent endowment during the year. The donor stipulated that the income and in- vestment appreciation be used to maintain its senior center. The endowment fund reported a net invest- ment appreciation of $80,000 and investment income of $50,000. The organization spent $60,000 to main- tain its senior center during the year. What amount of change in temporarily restricted net assets should the organization report? a. $50,000 b. $70,000 c. $130,000 d. $770,000