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QUESTION

he Maryville Cultural Center recently conducted a successful talent show in which local talent performed for a nominal prize.

he Maryville Cultural Center recently conducted a successful talent show in which local talent performed for a nominal prize. The talent show is an ongoing major event and is central to the center's mission. The event raised $6,200 in gross revenue. Expenses related to the event included $2,400 to rent an auditorium, $2,600 to advertise the event, $1,900 for trophies and other awards for the winner and the runners up, and $1,500 for printing and mailing tickets. The center believes there was no monetary value received by donors (attendees). To report this event in its statement of activities, the center will report:

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