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1. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research. 2. The entity received pledges of

image text in transcribed 1. The entity received $1,500 in cash contributions. Of that amount, $1,000 is to be used for medical research. 2. The entity received pledges of $700,000 for its endowment fund. All pledges will be collected next year

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