An NNO a Private University obtained cash for the acquisition of property and equipment as follows: Loan proceeds Contributions $200,000 $400,000 These funds are used to acquire land. In addition, $20,000 in principal and $2,000 in interest is paid on indebtedness relating to property and equipment. Depreciation on property and equipment for the year is $80,000. Required: Prepare all necessary entries in the affected funds of the NNO