The board of directors for a nongovernmental not-for-profit organization decided to designate $20,000 each year for the next three years to fund a special research project it was planning to conduct at the end of the three- year period. How would these board-designated resources be reported on the statement of financial position? Select one: a. The resources would not be reported on the statement of financial position. b. Net assets without donor restrictions. c. Net assets with donor restrictions. d. Internal payable.