. Kind is non-profit organization that is using Deferral method with fund accounting - On January 1 ,2019. received its first restricted cash contribution-$120,000 for the purchase and maintenance of capital assets On July 1, 2019, the company purchased Equipment for $100,000 and useful life 10 years The company capitalize and amortize its capital assets using straight line method . Record: 1. The receipt of cash on January 1,2019 2. Entry/Entries required on Dec.31,2019