Beta Alpha Psi reports about 513,000 in net assets released from donor restrictions on its 2020 statement of financial position, labeled "Inclusive Leadership Awards." What is the interpretation of this amount? Select one: a. Of totai contributions collected for inclusive leadership awards in the past, $13,000 has not yet been spent as of the end of 2020. An NFP organization records promises of contributions totaling 5500,000 , expected to be coliected within the next year, Of this total, 510,000 is expected to be uncollectible, The contributions are donor-restricted to specific projects. How is this information reported in the organization's financial statements? select one: a. Statement of activities revenue $500,000, bad debt expense $10,000; statement of financial position, 5490,000 net contributions receivable. b. Statement of acivites; revenue $500,000; statement of financial position, $500,000 net contributions recelvable. c Statement of activities revenue 5500,000 , bad debt expense 510,000 ; statement of financial postion, 5500,000 net contributions recenable. d. Statement of activities: revenue $490,000; statement of financial position, 5490,000 net contributions receivable