For the fall semester of 2011, Newton College assessed its students $5,000,000 for tuition and fees. The net amount realized was only $4,700,000 because of the following revenue reductions:

Refunds occasioned by class cancellations and student withdrawals $ 80,000

Tuition remissions granted to faculty members families 20,000

Scholarships and fellowships 200,000

How much should Newton College report for the period for unrestricted current funds revenues from tuition and fees?

$5,000,000

$4,900,000

$4,780,000

$4,700,000