(a) During the year ended June 30, 2014, a private college received a federal grant of $800,000 for research. Expenses for research during the year totaled $100,000. How should the $800,000 be reported in the 2014 college financial statements? (b) How does a hospital report contractual adjustments that arise from differences between the gross charge for patient services and the amount paid by a third party such as an insurance company. (c) Contrast the statement of cash flows that nongovernmental not-for-profit hospitals prepare to those that governmental hospitals prepare