On December 30, 2017, Leigh Museum, a not-for-profit entity, received a $5,800,000 donation of Day Co. common stock shares with donor-stipulated requirements as follows:

• The museum is to sell shares valued at $4,400,000 and use the proceeds to erect a public viewing building.
• The museum is to retain shares valued at $1,400,000 and use the dividends to support current operations.

As a consequence of its receipt of the Day Co. shares, how much should Leigh report as temporarily restricted net assets on its 2017 statement of financial position?

Multiple Choice

• $0

• $1,400,000

• $4,400,000

• $5,800,000