during $2020,$ the following transactions were recorded by the Port Hudson Community Hospital, a private sector not$-$for$-$profit institution:

Gross charges for patient services, all charged to Patient Accounts Receivable, amounted to $$1,910,000.$ Estimated contractual adjustments with third$-$party payors amounted to $$530,000$ and the Hospital estimated implicit price concessions would total $$21,000.$

Charity services, not included in transaction $1,$ would amount to $$88,000,$ had billings been made at gross amounts.

Other revenues, received in cash, were parking lot, $$31,000$; cafeteria, $$51,500$; gift shop, $$10,500.$

Cash gifts restricted by the donor for programs amounted to $$35,350$ for the year. During the year, $$69,800$ was expended for technician salaries supporting the program identified by the donor $($debit Operating Expense$$Salaries and Benefits$).$

Mortgage bond payments amounted to $$67,600$ for principal and $$41,200$ for interest. Assume unrestricted resources are used.

During the year, the hospital received, in cash, unrestricted contributions of $$57,400$ and unrestricted income of $$48,750$ from endowment investments. $($It is the hospital$$s practice to treat unrestricted gifts as nonoperating income.$)$

New equipment, costing $$174,000,$ was acquired, using donor$-$restricted cash that was on hand at the beginning of the year.

An old piece of lab equipment that originally cost $$160,000$ and that had an undepreciated cost of $$32,000$ was sold for $$18,000$ cash.

At the end of $2020,$ pledges $($restricted as to purpose$)$ were received in the amount of $$130,000.$ These are intended to be received and expended in $2021.$

Cash contributions were received from donors restricted for plant acquisition, $$255,000.$

Bills were received for the following items: Utilities $$153,300$ and Insurance $$88,800.$ These will be paid in January of $2021.$

Depreciation of plant and equipment amounted to $$213,000.$

Cash payments on accounts payable amounted to $$197,700.$ Another $$825,300$ was expended on wages and benefits.

Cash collections of patient accounts receivable amounted to $$1,202,000.$ These were in settlement of patient accounts totaling $$1,642,000.$ Contractual adjustments associated with these totaled $$422,000$ and price concessions totaled $$18,000.$

Closing entries were prepared.

Required:

a$.$ Record the transactions in the general journal of the Port Hudson Community Hospital.

b$.$ Prepare a Statement of Operations for the Port Hudson Community Hospital for the year ended December $31,2020.$

c$.$ Prepare a Statement of Changes in Net Assets for the Port Hudson Community Hospital for the year ended December $31,2020.$ Assume beginning net assets are $$7,165,000.$