government and non profit organization

Note: Unless stated otherwise, assume that the colleges and universities in the following problems are "business-type only" special purpose governments. P17-1 (Multiple Choice-Government University) (Respond assuming a government univer. sity. ) Indicate the best answer for each of the following: 1. For the spring semester of 20X4, Lane University assessed its students $3,400,000 (net of refunds) of tuition and fees for educational and general purposes. However, only $3,000,000 was expected to be realized because scholarships totaling $300,000 were granted to stu- dents, and tuition remissions of $100,000 were allowed to faculty members' children who were attending Lane. How much should Lane include in educational and general revenues from student tuition and fees? a. $3,400,000 b. $3,300,000 c. $3,100,000 d. $3,000,000