Not for profit- Kindly assist me. Thank you so much

Record the following transactions and information for a government's private-purpose trust fund.

1.Received contributions of $175,000 to establish a fund whose income is to be used for scholarships for children to attend a not-for-profit summer camp.The principal is not expendable

2.Investments of $160,000 were purchased.

3.Scholarships of $ 7,000 were paid during the year.

4.The fair value of the investments at the end of the year was $175,000

5.Closing entries are made.