Following are several transactions involving a university. In the current fiscal year, the university was notified by the federal government that next fiscal year it would receive a $680,000 grant for wetlands research 2. The university received a $720,000 endowment. 3. For the fiscal year, the university recorded $3,400,000 in tuition and fees revenue. Cash refunds of $444,000 were given. 4. The university provided $17,300 in tuition waivers for students with outstanding academic performance 5. During the year, the university constructed a new street, to allow for the expansion of its student housing efforts. The cost of the street was $2,849,000. 6. The biology department spent $36,000 on wetlands research 7. At year-end, $2,420 of estimated uncollectible tuition and fees was recorded. Required a. Prepare journal entries to record the foregoing transactions, assuming the university is a private institution. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) b. Prepare journal entries to record the foregoing transactions, assuming the university is a public institution. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)