Louis owns three pieces of land with an adjusted basis as follows: parcel a, $75,000; parcel b, $125,000; and parcel c, $175,000. louis sells parcel a to his uncle for $50,000, parcel b to his partner for $120,000, and parcel c to his mother for $150,000.

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?