Vaughn County owned an idle parcel of real estate consisting of land and a factory building. Vaughn gave title to this realty to Ivanhoe Company as an incentive for Ivanhoe to establish manufacturing operations in the County. Ivanhoe paid nothing for this realty, which had a fair value of $300000 at the date of the grant. Ivanhoe should record this nonmonetary transaction as a

credit to Comprehensive Income for $300000.

credit to Donated Capital for $300000.

credit to Contribution Revenue for $300000.

memo entry only.