URGENT!!! URGENT!!!!!

18.A group of high school seniors perform volunteer services for patients at a nearby assisted-living facility, a private not-for-profit entity. The assisted-living facility would not otherwise provide these services such as wheeling patients in the park or calling games of bingo. At a minimum-wage rate, these students would be paid $38,420, but the actual value is estimated to be $46,400. In the assisted-living facilitys statement of activities, what amount should be reported as contribution revenue?

Multiple Choice

• $38,420

• $7,980

• $46,400

• $-0-