McAllister University, a private, nonprofit university, receives a letter from an alumnus who pledges $1,500,000 to be used for accounting research, 90% of which is expected to be collected based on past experience with similar pledges. The pledge is considered unconditional. What effect would this transaction on the Statement of Activities? O Increase change in net assets by $1,500,000 No effect Increase change in net assets by $100,000 Increase change in net assets by $1,350,000