A private not-for-profit entity receives three large cash donations: - One gift of $81,000 is restricted by the donor so that it cannot be spent for four years. - One gift of $101,000 is restricted to pay the salaries of the entity's workers. - One gift of $131,000 must be held forever with the income to be used to provide food for needy families. In the current year, income of $21,000 was earned but not spent. What is the increase in the current year in net assets with donor restrictions? Multiple Choice $313,000 $334,000 $212,000 $232.000 Under modified accrual accounting, revenues should be recognized when they are Multiple Choice Earned and collected. Reasonably estimable. Measurable and available to be used. Collected. Realizable and estimable