Mulroy Inc. is a privately held corporation that owns 5 car dealerships. On February 2, 2022 the owner, Jack Mulroy pledged for the company to contribute a new Ford Explorer to the Heart of Mercy charity raffle for their annual fundraiser.  The fundraiser was held on March 17, 2022 and the winning raffle ticket was selected. The car was delivered to the winner on April 4, 2022  The accountant for Mulroy Inc. is unsure of when the contribution should be recognized as an expense.  Mulroy Inc. should recognize the contribution in a) February 2022 b) March 2022 c) April 2022

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