A private not-for-profit entity receives three large cash donations:

• One gift of $87,000 is restricted by the donor so that it cannot be spent for four years.
• One gift of $107,000 is restricted to pay the salaries of the entity's workers.
• One gift of $137,000 must be held forever with the income to be used to provide food for needy families. In the current year, income of $27,000 was earned but not spent.

What is the increase in the current year in net assets with donor restrictions?

Multiple Choice

• $224,000

• $244,000

• $331,000

• $358,000