During 2020, the following transactions were recorded by the Port Hudson Community Hospital, a private sector not-for-profit institution 1. Gross charges for patient services, all charged to Patient Accounts Receivable, amounted to $1,810,000 Estimated contractual adjustments with third-party payors amounted to $480,000 and the Hospital estimated implicit price concessions would total $11,000. 2. Charity services, not included in transaction 1, would amount to $68,000, had billings been made at gross amounts. 3. Other revenues, received in cash, were parking lot, $21,000, cafeteria, $36,500, gift shop. $5,500 4. Cash gifts restricted by the donor for programs amounted to $26,850 for the year. During the year, $51,800 was expended for technician salaries supporting the program identified by the donor (debit Operating Expense-Salaries and Benefits). 5. Mortgage bond payments amounted to $51,600 for principal and $29,200 for interest. Assume unrestricted resources are used 6. During the year, the hospital received, in cash, unrestricted contributions of $43,400 and unrestricted income of $36,250 from endowment investments. (It is the hospital's practice to treat unrestricted gifts as nonoperating income.) 7 New equipment, costing $154,000, was acquired, using donor-restricted cash that was on hand at the beginning of the year. 8. An old piece of lab equipment that originally cost $60,000 and that had an undepreciated cost of $12,000 was sold for $8,000 cash, 9. 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. 10 Cash contributions were received from donors restricted for plant acquisition, $171,000. 11. Bills were received for the following items: Utilities $140.300 and Insurance $80,800. These will be paid in January of 2021 12 Depreciation of plant and equipment amounted to $183,000 13. Cash payments on accounts payable amounted to $170,700 Another $802.300 was expended on wages and benefits. 14. Cash collections of patient accounts receivable amounted to $1.182.000. These were in settlement of patient accounts totaling $1,592,000 Contractual adjustments associated with these totaled $402.000 and price concessions totaled $8,000 15. 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 $7,015,000. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the transactions in the general journal of the Port Hudson Community Hospital. (If no entry is required for a transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 1a Patient Accounts Receivable Debit Credit