15-12.Comparison of Public and Private Universities. (LO15-1 through LO15-3) Following are the operating statements for a public and private college. The operating statements have been adapted from the annual reports of a public and a private university. As would be expected, the reports are somewhat different. Catherine College is over 150 years old and has a student enrollment of 5,000. Midland State College is relatively new at 50 years of age and has a student enrollment of 6,704. Revenue Tuition and fees Less CATHERINE COLLEGE Statements of Activities Years Ended June 30, 2020 and 2019 2020 2019 Without Donor With Donor Restrictions Restrictions Total Without Donor With Donor Restrictions Restrictions Total $102.917.430 $ $102.917,430 $100,467,638 $ $100,467,638 Allowances and scholarships Tuition waivers Net student tuition and fees 34,145,296 1.883.642 34.145.296 31,188,166 31.188.166 1,883,642 1.827.471 1.827471 66.888.492 Government grants 105.266 2.136.597 Contributions 2.270,381 6.750.203 66.888.492 2.241.863 9,020,584 67,452.001 67,452,001 98.313 2,021,517 2.119.830 1.786.013 9.815.527 11,601,540 Investment income, net 899.119 2.724,026 Sale of educational activities. 320,949 201.480 3,623,145 522.429 802.668 2,182,743 2.985,411 465,399 354.475 819,874 Change in value of split-