Atwater Health Services, a voluntary health and welfare organization, has provided support for families with low income in the town of Atwater for approximately $20$ years. In $20$X$6,$ it conducted a major funding campaign to help replace facilities that are no longer adequate and to generate operating and endowment funds.

The community of Atwater ran a number of special events, and the chamber of commerce made the fund$-$raising campaign a major activity for $20$X$6.$ In $20$X$6,$ Atwater Health Services received the following gifts and pledges:

The Plentiful family donated a lot adjacent to the current building for future use as a playground and parking lot. The family had purchased the lot for $$22,000$ several years ago. It had a current value of $$42,000$ at the date contributed.

A number of new pledges were received and many were partially or fully paid in $20$X$6.$ The following information was compiled:

Unrestricted pledges for use in $20$X$6$ $ $120,000$

Unrestricted pledges for use in $20$X$770,000$

Pledges to support screening tests for children$$s hearing abilities $90,000$

Pledge to assist in construction of addition to building; donor agrees to make eight annual payments of $$50,000$ each $400,000$

$ $680,000$

Also during $20$X$6,$ $$45,000$ was spent in providing free vision tests for all grade school children in the community. A total of $$38,000$ collected in $20$X$4$ and $20$X$5$ for this purpose was used to help pay for the costs of providing the tests.

Required:

Prepare the journal entries for $20$X$6$ for these activities, including receipt of the first installment on the pledge for building construction, which was received at the end of $20$X$6.$ Atwater currently earns an $8$ percent return on its investments. The present value of the seven future payments of $$50,000$ is $$260,318.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations.