A not$-$for$-$profit organization maintains an endowment of $$1$ million, the income from which must be used for research into substance abuse. In a particular year, the endowment had income of $$60,000,$ all of which was expended in accord with the donor$$s specifications. The expense should be reported as a decrease in

Michael H$.$ Granof; Saleha B$.$ Khumawala; Thad D$.$ Calabrese. Government and Not$-$for$-$Profit Accounting: Concepts and Practices, $9$th Edition $($p$.578).$ Kindle Edition.