As a result of its annual fundraising program, a nonprofit receives pledges in the amount of $300,000 during December, the last month of its reporting period. Based on its previous history regarding pledges, the nonprofit believes that about $225,000 will be collected in the first 60 days of the next fiscal year; $31,500 will trickle in during the rest of the next fiscal year; and $13,500 will not be collected at all. How much should the nonprofit report as net contributions receivable on its current period financial statements? Select one: a. $270,000 b. $256,500 c. $225,000 d. $0