Ann Watkins gives a nonprofit entity $55,000 in cash. Ann conditions that the entity may use the gift for a particular research project but only after it receives at least $60,000 cash from other donors to help complete the project. If the entity fails to raise the additional $60,000, it must return Ann's gift.

What account should the entity credit when it receives Ann's gift until Ann's

conditions are substantially met?

Group of answer choices

1. Refundable advance (deferred revenue)
2. As contribution revenuesupport without donor restriction
3. As contribution revenuesupport with donor restrictions
4. Allowance for uncollectible contributions