Additional information is as follows:

The balance in cash and cash equivalents as of July 1, 2019, was $916,640.

Tuition and Fees Receivable increased by $13,220.

Pledges Receivable decreased by $2,020.

Allowance for Doubtful Accounts was increased by $970 (the bad debt was netted against Tuition and Fees).

Accounts Payable decreased by $3,700.

Accrued Liabilities decreased by $1,470.

Unearned Revenue increased by $8,150.

Depreciation Expense was $39,470.

Cash of $146,000 was used to retire bonds.

Investments were sold for $2,190,000 (at a gain of $72,200) and others were purchased for $1,825,000.

Net assets without donor restrictions were used to purchase equipment at a cost of $48,300.