The postclosing trial balance of the general fund of Serene Hospital, a not-for-profit entity, on December 31, 20X1, was as follows:

During \(20 \mathrm{X} 2\) the following transactions occurred:
1. The value of patient services provided was \(\$ 6,160,000\).
2. Contractual adjustments of \(\$ 330,000\) from patients' bills were approved.
3. Operating expenses totaled \(\$ 5,600,000\), as follows:

Accounts credited for operating expenses other than depreciation:

4. Received \(\$ 75,000\) cash from specific-purpose fund for partial reimbursement of \(\$ 100,000\) for operating expenditures made in accordance with a restricted gift. The receivable increased by the remaining \(\$ 25,000\) to an ending balance of \(\$ 65,000\).
5. Payments for inventories were \(\$ 176,000\) and for prepaid expenses were \(\$ 24,000\).
6. Received \(\$ 85,000\) income from endowment fund investments.
7. Sold an X-ray machine that had cost \(\$ 30,000\) and had accumulated depreciation of \(\$ 20,000\) for \(\$ 17,000\).
8. Collected \(\$ 5,800,000\) receivables and wrote off \(\$ 132,000\).
9. Acquired investments amounting to \(\$ 60,000\).
10. Income from board-designated investments was \(\$ 72,000\).
11. Paid the beginning balance in Accounts Payable and Accrued Expenses.
12. Deferred Revenue-Reimbursement increased \(\$ 20,000\).
13. Received \(\$ 140,000\) from the plant replacement and expansion fund for use in acquiring fixed assets.
14. Net receipts from the cafeteria and gift shop were \(\$ 63,000\).
\section*{Required}

a. Prepare journal entries to record the transactions for the general fund. Omit explanations.

b. Prepare comparative balance sheets for only the general fund for 20X2 and 20X1.

c. Prepare a statement of operations for the unrestricted, general fund for 20X2.

d. Prepare a statement of cash flows for \(20 \times 2\).

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Debit Credit Cash Accounts Receivable Allowance for Uncollectibles Due from Specific-Purpose Fund $ 125.000 400.000 $ 50,000 40.000 Inventories 95.000 Prepaid Expenses 20.000 Investments 900.000 Property, Plant, and Equipment 6,100,000 Accumulated Depreciation Accounts Payable 1,500,000 150,000 Accrued Expenses Bonds Payable Deferred Revenue-Reimbursement Unrestricted Fund Balance 55.000 75.000 Total 3,000.000 2,850,000 $7.680.000 $7,680,000