Michael Hospital, a nonprofit hospital affiliated with a private university, reported the following information for the year ended December 31, 2005:
|
Cash contributions received from donors for capital additions to be acquired in 2006 |
$150,000 |
|
Proceeds from sales at hospital gift shop and snack bar |
75,000 |
|
Dividend revenue not restricted by donors or by law |
25,000 |
Using the information provided, what amount should be reported as “other revenue and gains” on the hospital’s statement of operations for the year ended December 31, 2005?
- $ 25,000
- $ 75,000
- $100,000
- $250,000