Hope received $32,000 in cash from pledges made in the previous year that were unrestricted as to purpose but intended to be expended in 2017.

Hope received $91,000 in pledges that indicated the money would be received in 2018. The donors imposed no restrictions other than the money could be used for any purpose desired by the board.

Hope expended $40,000 for nursing training, using $35,000 of temporarily restricted resources that had been given in 2016 for that purpose.

Hope received $50,000, restricted by the donor for cancer research. The funds were not expended in 2017. This is a fixed dollar, not cost reimbursement, grant.

Hope received $270,000 in cash. The board decided to invest the funds for future plant expansion.

Required: Record the above transactions on the books of Hope Hospital, which follows FASB (not-for-profit) and AICPA standards. The year is 2017.