Clothes for Kids Society (CKS) is a not-for-profit organization that provides low-income families with clothing for their school-aged children. CKS's year end is December 31. On January 1, 2020, CKS received a restricted donation of land and building from a large corporate sponsor, as follows: Land Building Donor's book value $300,000 420,000 Fair market value $960,000 240,000 At the time of the donation, the building had a 20-year remaining useful life, with NO residual value. CKS paid $10,000 cash in legal fees to transfer the title to the land and building. CKS has a policy to expense all legal fees immediately when incurred. Required: Prepare all required journal entries for CKS for the year ended December 31, 2020, assuming that: a) CKS uses the deferral method to record contributions. (4 marks) b) CKS uses the restricted fund method to record contributions, and has separate funds for general operations, clothing, and capital assets. (2 marks)