(Note: Question 30 is a Kaplan CPA Review Question) Clay University, a not-for-proft university, earned $300,000 from bookstore revenue and spent $100,000 for faculty research in 20x1. The $100,000 for faculty research came from a $150,000 research grant received in the previous year. What is the effect of these events on unrestricted net assets in 20X1? O Increase $450,000 O Increase $400,000 O Increase $300,000 increase $200,000