I 1. Problem 2 (17 points): Private College Transactions Gettysburg College, a small private college, had the following transactions in FY 2020. Gross tuition and fees revenue totaled $11,200,000. Tuition waivers and scholarships of $692,000 were granted. Students received tuition refunds of $203.340. During the year, the college received $3,782,000 cash in unrestricted private gifts, 2. 3 4. The College received $2,000,000 in securities restricted for an endowment 5. A pledge campaign generated $1.746,000 in pledges. Of the amount pledged, $1,146,400 was for the capital construction campaign, $600,000 was for endowments, 6. Collections of tuition receivable totaled $10,160,000. 7 During the year, the following expenses were paid in cash: Instruction $7,132,080 Academic support 3,974,000 Student services 175,960 Institutional support 1,002,260 Auxiliary enterprises 184,820