Exercise 19-3 (Static) Entries for a Hospital's (General) Fund Without Donor Restrictions LO 19-3 The following are transactions and events of the general fund of Sycamore Hospital, a not-for-profit entity, for the 20X6 fiscal year ending December 31, 20X6. Provided a total of $6,200,000 in patient services. Had total operating expenses of $5,940,000, as follows: Nursing services $ 2,070,000 Other professional expenses 1,250,000 Fiscal services 225,000 General services 1,510,000 Bad debts 125,000 Administration 260,000 Depreciation 500,000 Accounts credited for operating expenses other than depreciation: Cash $ 4,785,000 Allowance for Uncollectibles 125,000 Accounts Payable 210,000 Inventories 240,000 Donated Services 80,000 Allowed contractual adjustments of $220,000 as deductions from gross patient revenue. Received a transfer of $180,000 from specific-purpose funds for payment of approved operating costs in accordance with the terms of the restricted gift. Received a transfer of $200,000 from the temporarily restricted plant fund to purchase new equipment for the hospital. Received $155,000 of unrestricted gifts. Collected accounts receivable except for $75,000 written off. Reported a $70,000 increase in the market value of the investment securities portfolio of the general fund from the beginning of the period. The board designated this entire income for other than current operations. Required: Prepare journal entries in the general fund for each of the transactions and events. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare the statement of operations for the general fund without donor restrictions of Sycamore Hospital.