1. Peace Church is a not-for-profit religious organization. A storm broke glass windows in Peaces building. A member of Peace Church, a professional glazier, replaced the windows at no charge. In Lea's statement of activities, the replacement of the windows should:

   		Not be reported.
   		Be reported as an increase in both expenses and contributions.
   		Be reported by note disclosure only.
   		Be reported as an increase in both net assets and contributions.