San Rafael College's transactions include the following:
1. An alumna donates cash for the purchase of accounting research software.
2. An alumna donates cash, stipulating that income generated by investment of the cash be paid to the donor during her lifetime. At the donor's death, the gift and all future income belong to the college.
3. An alumna donates cash, stipulating that income generated by investment of the cash be used for accounting student scholarships. The principal is to remain intact.
4. A student center is constructed.
5. Salaries to faculty are paid.
6. Tuition loans are made to students.
7. Student activity fees for student organizations are collected with tuition payments.
8. Depreciation on colleges facilities is recognized?
Required
For each item, identify the accounts affected and for all changes in net assets, their placement on the college's statement of activities?