9. In 2019, Public State University’s board of trustees established a $300,000 fund to be retained and invested for scholarship grants. In 2019, the fund earned $10,000, which had not been disbursed...

9. In 2019, Public State University’s board of trustees established a $300,000 fund to be retained and invested for scholarship grants. In 2019, the fund earned $10,000, which had not been disbursed at December 31, 2019. What amount should Public State report as unrestricted investment earnings at December 31, 2019?

a. $0

b. $300,000

c. $10,000

d. $310,000