Under Lennon Hospital’s standard rate structure, it earns $9 million in patient service revenues for the year ended December 31, 2024. Lennon does not expect to collect this entire amount because officials deem $1.5 million to be charity care. Of the remainder, 90 percent was for patients with insurance, and the rest was for patients without insurance. For the insured patients, the hospital gives explicit price concessions of $2.2 million. For the uninsured patients, the hospital gives implicit price concessions of $300,000. Even after the explicit price concessions, officials believe the hospital only has a 40 percent chance of collecting the net amount from the insurance companies, with a 60 percent chance of collecting $200,000 less than that. Even after the implicit price concessions, officials believe the hospital only has a 10 percent chance of collecting the net amount from the patients, with a 90 percent chance of collecting $100,000 less than that. The hospital reports variable consideration using a weighted-average approach.

During 2024, Lennon purchases medical supplies from Harrison Supply Company at a retail price of $4,000. Harrison notifies Lennon that it is donating the supplies to the hospital. Late in 2024, Lennon receives a $400,000 pledge from Starr, Inc. The money will be given if Lennon acquires a new magnetic resonance imaging (MRI) machine within the next nine months. The pledge will not be paid if the MRI machine is not obtained. How does Lennon report each of these three separate set of events?