3. During the year, a resident of the village donated marketable securities, valued at $50,000, to the village under the terms of a trust agreement. The agreement stipulated that the principal is to...

3. During the year, a resident of the village donated marketable securities, valued at $50,000, to the village under the terms of a trust agreement. The agreement stipulated that the principal is to be kept intact. The use of revenue generated by the securities is to be restricted to financing college scholarships for needy students. Revenue earned and received on these marketable securities amounted to $5,500 through June 30, 2019.