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4). 1. On July 1, 2011, the Pitman Hospital invested $120,000 in 8 percent government bonds that pay interest annually on July 1, starting July

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4). 1. On July 1, 2011, the Pitman Hospital invested $120,000 in 8 percent government bonds that pay interest annually on July 1, starting July 1, 2012. I 2. On May 1, 2011, the hospital received a year's rent ($9,600) in advance. 3. On September 1, 2011, the hospital received nine months tuition ($12,240) in advance for one of its educational programs. How much earned interest, deferred rental income and deferred tuition income exist at December 31, 20112

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