Kazoo College, a small not-for-profit private college, had the following transactions in fiscal year 2020.

1. Gross tuition and fees revenue totaled $11,200,000. Tuition waivers and scholarships of $692,000 were granted. 2. Students received tuition refunds of $203,340. 3. During the year, the college received $3,782,000 cash in unrestricted private gifts, 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 1. Gross tuition and fees revenue totaled $11,200,000. Tuition waivers and scholarships of $692,000 were granted. 2. Students received tuition refunds of $203,340. 3. During the year, the college received $3,782,000 cash in unrestricted private gifts, 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