Carry University maintains a loan fund of $1,000,000 including receivables. The funds are invested in stocks and bonds and all investment income must be added to the balance in the fund. The fund is unrestricted because it was established by the college itself and was not restricted by donors. Requirements: Prepare journal entries to record the following events and transactions that occurred during the year. Transactions: 1. Carry University directed an additional $75,000 of donor contributions to the loan fund. 2. The fund made new student loans in the amount of $200,000. It estimated that approximately 10% would be uncollectible. 3. Carry University earned interest and dividends on the investments in the fund in the amount of $6,000. In addition, the market value of its investments increased by $3,000. 4. Carry University collected $140,000 in loan repayments, plus an additional $40,000 in interest. 5. Carry University wrote off $20,000 of loans as uncollectible.