Recording contribution Coalition for Healthy Communities, a nongovernmental not-for-profit organization, received a gift of treasury bills. The cost to the donor was $20,000, with an additional $500 for brokerage fees that were paid by the donor prior to the transfer of the treasury bills. The treasury bills had a fair value of $15,000 at the time of the transfer. At what amount should Coalition for Healthy Communities report the treasury bills in its statement of financial position?

$15,000

$15,500

$20,000

$20,500