James McHughes gave the following to the City of Carnesville in order to establish a privato purgone Land -cost, $350,000; fair market value as of the date of the gift, 5425.000 Securities --cost, $1,440,000; fair market value as of the date of the gin. $1,750.000 The amount to be recorded as additions for gifts by the private-purpose trust fund would be a. $2,100,000 O b. $2,175,000 O c. $1,865,000 O d. $1,790,000