The board of directors of a not-for-profit organization voted to designate $100,000 of its net assets without restriction to be used for its permanent endowment. Which of the following best describes the accounting and financial reporting implications of this action?

Group of answer choices

The net assets are still consideredwithout donor restriction

The net assets are now considered with donor restriction

The net assets are now considered permanently restricted

Net assets without restriction will decrease in total