A private not-for-profit university charges its students tuition of $1.26 million. However, financial aid grants total $110,000. In addition, the school receives $89,000 grant restricted for faculty Salsas. Of this amount, it spent $19,000 appropriately this year. On the statement of activities, the school reports three categories: (1) revenues and support, (2) net assets reclassified, and (3) expenses. Which of the following is no time? Unrestricted net assets should show an increase of $19,000 for net assets reclassified. Unrestricted net assets shows the $110,000 as direct reduction to the tuition revenue balance. In the unrestricted net assets, the revenues and support should total $1.26 million. Unrestricted net assets should recognize expenses of $19,000