Buckwall University (BU), a private university, had the following transactions during the year ended June 30, 20X8:

1. Assessed students \(\$ 2,000,000\) for tuition for the winter semester, starting in January \(20 \mathrm{X} 8\).

2. Received \(\$ 1,000,000\) from the federal government to be distributed to qualified students as loans and grants.

3. Depreciation expense of \(\$ 200,000\) was recognized on university buildings and equipment for the fiscal year.

4. Received \(\$ 1,500,000\) in alumni contributions restricted to the construction of a new library building. Construction of the library is expected to begin in September 20X8.

5. The contributions received in item 4 above were invested in equity securities that had a market value of \(\$ 1,650,000\) on June \(30,20 \mathrm{X} 8\).

6. Received \(\$ 75,000\) of investment revenue from investments in a term endowment. The donor stipulated that the investment revenue be used to fund scholarships for qualified entering freshmen.

7. During the year ended June \(30,20 \mathrm{X} 8, \$ 60,000\) of the investment revenue in item 6 was used to fund scholarships.

8. The governing board of \(\mathrm{BU}\) designated \(\$ 250,000\) of cash to be used for refurbishing the steam tunnels used for heating the university during the winter.
9. Received a contribution of artwork from an alumnus with a fair value of \(\$ 3,750,000\). The donor has stipulated that the artwork be preserved, that it not be sold, and that it be on public view in the university museum. The university has a policy of recording donations of works of art and historical treasures.
10. The governing board of \(\mathrm{BU}\) acquired debt securities at a cost of \(\$ 400,000\) during the year. The governing board has designated that these investments be kept intact for the next five years and that interest revenue from the securities be used for funding summer research grants to faculty of BU.
11. During the year ended June \(30,20 \times 8\), interest revenue from the debt securities in item 10 amounted to \(\$ 18,000\), of which \(\$ 12,000\) was used for research grants.
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For each of the numbered transactions, indicate the net asset class affected by the transaction for the year ended June 30, 20X8. The three net asset classes are (1) unrestricted, (2) temporarily restricted, and (3) permanently restricted. Your answer should also specify the dollar amount and whether the asset class increased or decreased.