Camp Trinity conducts summer camps for children with disabilities. Samuel and Margaret Shields operate the camp near Leander, Texas. Because of the nature of its business, the camp experiences many unusual transactions. Evaluate each of the following transactions in terms of its effect ,on Camp Trinity's income statement and balance sheet. 1. A camper suffered an injury that was not covered by insurance. Camp Trinity paid $900 for the child's medical care. How does this transaction affect the camp's income statement and balance sheet? 2. Camp Trinity sold land adjacent to the camp for $190,000, receiving cash of $70,000 and a note receivable for $120,000. When purchased five years earlier, the land cost Camp Trinity $100,000. How should the camp account for the sale of the land? 3. One camper's father is a physician. Camp Trinity allows this child to attend camp in return for the father's serving part-time in the camp infirmary for the two-week term. The standard fee for a camp term is $1,000. The physician's salary for this part-time work would be $1,000. How should Camp Trinity account for this arrangement? 4. A tornado damaged the camp dining hall. The cost to repair the damage will be $12,000 over and above what the insurance company will pay.