Jim Cattle establishes a trust that is administered by Mansfield National Bank in the amount of $750,000. Jim has promised that he will donate an additional $50,000 a year to the trust in each of the next 5 years .The income from the trust will go to the state university .How much should the university record as income in the year that the trust is established?

A 1,000,000

B 750,000 PLUS PRESENT VALUE OF THE FIVE $50,000 DONATIONS

C 750,000

D 0