Acme Temple, a new non-profit, receives three donations 2020. Mr. Smith gives $100,000 in cash, though Mr. Smith stated that Acme Temple cannot use the funding until Acme gest 100 families to become

Members. At the end of 2020, Acme has 80 families as members. Mr. Bern makes a pledge of 200,000 (but does not provide cash) if the temple raises $8,000 from its members in 2020. Acme members

Donated $500 in 2020. Mr. Cash donates $500,000 in cash that can be used for anything. Based on the donations, what is the change for net assets without donor restrictions and for

Liabilities on these amounts?

1. net assets without donor restrictions, 500,000; liability, $0

2. net assets without donor restrictions, 500,000; liability, $100,000

3. net assets without donor restrictions, 600,000; liability, $100,000

4. net assets without donor restrictions, 700,000; liability, $100,000