12-9. As of January 1, 2020, the trial balance for Haven Hospital was as follows (these have been entered into the Excel template provided): Cash Patient Accounts Receivable Allowance for Implicit Price Concessions Allowance for Contractual Adjustments Pledges Receivable Supplies Debits Credits $ 830,000 3,250,000 $ 650,000 353,000 2,480,000 130,000 Investments-Assets Limited as to Use Investments-Undesignated Property, Plant, and Equipment Accumulated Depreciation-Property, Plant, and Equipment Accounts Payable 1,700,000 10,100,000 7,500,000 4,600,000 600,000 Long-Term Debt-Current Installment Long-Term Debt-Noncurrent 200,000 3,100,000 Net Assets without Donor Restrictions-Board Designated 1,700,000 Net Assets without Donor Restrictions-Undesignated Net Assets with Donor Restrictions-Program Restrictions Totals 1,644,000 13,143,000 $25,990,000 $25,990,000 page 374 During the fiscal year ended December 31, 2020, the following transactions occurred: 1. Patient service revenue amounted to $19,990,000, all recorded on account. Contractual adjustments were recorded in the amount of $3,200,000. Implicit price concessions are estimated to be $620,000. 2. Other revenue (cafeteria, parking lot, etc.) amounted to $2,850,000, all received in cash. 3. Cash was received on patient accounts in the amount of $17,600,000. Contractual adjustments of $3,250,000 and implicit price reductions of $430,000 were applied to customer accounts. 4. Unrestricted gifts and bequests were received in cash in the amount of $328,000. Unrestricted income on investments of endowment funds amounted to $400,000. (It is the hospital's practice to treat unrestricted gifts as nonoperating revenue.) 5. Investment income on board-designated funds, which is limited by board policy to provide renewals and replacements, amounted to $87,000 and was received in cash. Do not increase board-designated net assets at this stage but close out the revenue account to board-designated net assets in entry 19. 6. Investment income, restricted for donor-specified purposes, was received in cash in the amount of $250,000. Investment income, required by donor agreement to be added to endowment balances, was received in cash in the amount of $90,000.