Nonprofit hospital X provides emergency room care to all patients who are critically injured, including people who cannot pay. In Year 1, the hospital incurred direct costs of $50,000 providing such treatment to patients who it knew could not pay. Indirect costs, such as occupancy and supervision, for such treatment totaled $10,000. If the hospital had charged its posted, standard rates, it would have billed $100,000 for such care. If it had charged the normal amount it receives from all paying patients, including those with lower fees due to arrangements with insurance companies, it would have charged $75,000. Which of the following statements is correct about how the services and costs are shown in the financial statements is correct?

		A: Revenues would include charity care of $100,000, and expenses would show related costs of $60,000
		B: Revenues would include charity care of $75,000, and expenses would show related costs of $50,000
		C: Revenues would include charity care of $100,000, a contra revenue for contractual adjustments of $25,000, and expenses would show related costs of $60,000
		D: No revenues would be shown. There would be footnote disclosure of the costs, including both the direct and indirect costs