In 20X8, the Following Pledges Were Made: $35,000 in Unrestricted

Multiple Choice

In 20X8, the following pledges were made: $35,000 in unrestricted contributions for use in 20X8; $20,000 in contributions restricted for use in 20X9; and a $400,000 contribution restricted for the establishment of a permanent endowment. It is anticipated that 10% of all pledges except the endowment pledge will be uncollectible. Pledges receivable for 20X8 should be

A) $455,000.
B) $449,500.
C) $55,000.
D) $49,500.