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 $1,940,000. Estimated contractual. adjustments with third-party payors, amounted to $545,000 and the Hospital estimated implicit price concessions would total $24,000 2. Charity services, not included in transaction 1, would amount to $94,000, had billings been made at gross amounts. 3. Other revenues, recelved in cash, were parking lot, $34,000; cafeteria, $56,000 : gif shop, $12,000 4. Cash gifs restricted by the donor for programs amounted to $37,900 for the year. During the year, $75,200 was expended for technician salaries supporting the program identified by the donor (debit Operating Expense-Salaries and Benefits). 5. Mortgage bond payments amounted to $72.400 for principal and $44.800 for interest. Assume unrestricted resources are used 6. During the year, the hospital received, in cash, unrestricted contributions of $61,600 and untestricted income of $52,500 from endowment investments. (t is the hospital's practice to treat unrestricted gifs as nonoperating income.) 7. New equipment, costing $180.000, was acquired, using donor-testricted cash that was on hand at the beginning of the year. 8. An old piece of lab equipment that originally cost $190,000 and that had an undepreciated cost of $38,000 was sold for $21,000 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 recelved and expended in 2021 10. Cash contributions were received from donors restricted for plant acquisition, $280.000 II. Bills were recelved for the following items: Utilities $157.200 and Insurance $91.200. These will be paid in January of 2021 , 12 Depreciation of plant and equipment amourted to $222000 13. Cash payments on accounts payable amounted to $205.800. Another $832.200 was expended on wages and benefits 14. Cash collections of patient accounts receivable amourted to $1,208,000. These were in setlement of patient accounts totaling $1,657,000. Contractual adjustments associated with these totaled $428,000 and price concessions totaled $21,000. 15. Closing entries were prepared. Requlred: a. Record the transactions in the general journal of the Port Hudson Commu fy Hospital. b. Prepare a Statement of Operations for the Port Hudson Community Hospht 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 $7,210,000 Complete this question by entering your answers in the tabs below. 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.) Prepare a Statement of Operations for the Port Hudson Community Hospital for the year ended December 31, 2020. (Input a amounts as positive values. Loss amounts should be indicated by a minus sign.) 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 $7,210,000. (Loss/Negative amounts should be indicated by a minus sign.) 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 $1,940,000. Estimated contractual. adjustments with third-party payors, amounted to $545,000 and the Hospital estimated implicit price concessions would total $24,000 2. Charity services, not included in transaction 1, would amount to $94,000, had billings been made at gross amounts. 3. Other revenues, recelved in cash, were parking lot, $34,000; cafeteria, $56,000 : gif shop, $12,000 4. Cash gifs restricted by the donor for programs amounted to $37,900 for the year. During the year, $75,200 was expended for technician salaries supporting the program identified by the donor (debit Operating Expense-Salaries and Benefits). 5. Mortgage bond payments amounted to $72.400 for principal and $44.800 for interest. Assume unrestricted resources are used 6. During the year, the hospital received, in cash, unrestricted contributions of $61,600 and untestricted income of $52,500 from endowment investments. (t is the hospital's practice to treat unrestricted gifs as nonoperating income.) 7. New equipment, costing $180.000, was acquired, using donor-testricted cash that was on hand at the beginning of the year. 8. An old piece of lab equipment that originally cost $190,000 and that had an undepreciated cost of $38,000 was sold for $21,000 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 recelved and expended in 2021 10. Cash contributions were received from donors restricted for plant acquisition, $280.000 II. Bills were recelved for the following items: Utilities $157.200 and Insurance $91.200. These will be paid in January of 2021 , 12 Depreciation of plant and equipment amourted to $222000 13. Cash payments on accounts payable amounted to $205.800. Another $832.200 was expended on wages and benefits 14. Cash collections of patient accounts receivable amourted to $1,208,000. These were in setlement of patient accounts totaling $1,657,000. Contractual adjustments associated with these totaled $428,000 and price concessions totaled $21,000. 15. Closing entries were prepared. Requlred: a. Record the transactions in the general journal of the Port Hudson Commu fy Hospital. b. Prepare a Statement of Operations for the Port Hudson Community Hospht 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 $7,210,000 Complete this question by entering your answers in the tabs below. 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.) Prepare a Statement of Operations for the Port Hudson Community Hospital for the year ended December 31, 2020. (Input a amounts as positive values. Loss amounts should be indicated by a minus sign.) 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 $7,210,000. (Loss/Negative amounts should be indicated by a minus sign.)