Oliver$$s Place is a nonprofit entity that cares for dogs until they are adopted. It uses fund accounting and uses a UCF, an RCF$,$ and an EF$.$ It charges its expenses

to the care of animals program, special programs, and administrative expenses. Following are some of its transactions for its fiscal year. Prepare the journal

entries needed to record these transactions, indicating the fund used for each entry and showing net asset classifications, where appropriate.

$1.$ During the year, Oliver$$s Place received pledges of $$80,000$ without donor restrictions. It estimated that $95$ percent of the pledges would be collected in cash.

$2.$ It received the following gifts from various donors:

a$.$ Donor A made a gift of common stock that had a fair value of $$16,000.$ Donor A stated that the gift could be used for any purpose.

b$.$ Donor B made a cash gift of $$4,000,$ stipulating that it could be used only for a new program to take calm dogs to visit elderly people.

c$.$ Donor C made a gift of common stock that had a fair value of $$40,000.$ Donor C stipulated that: $(1)$the gift and any gains on the sale of the stock should be maintained in perpetuity and $(2)$ the dividends received on the investment could be used for any purpose the trustees deemed appropriate.

$3.$ Volunteers contributed their time to Oliver$$s Place as follows:

a$.$ Dr$.$ D$,$ a veterinarian, spent $10$ days caring for the medical needs of the dogs. Those services would normally cost Oliver$$s Place $$8,000.$

b$.$ Dr$.$ E$,$ a kidney surgeon, spent $12$ days feeding the dogs, keeping them occupied, and placing them for adoption. He earns $$1,600$ a day as a surgeon.

$4.$ Oliver$$s Place received dividends of $$320$ on the common stock donated by Donor A and $$480$ on the common stock donated by Donor C$.$

$5.$ At year$-$end, the stock donated by Donor A had a fair value of $$17,600,$ and the stock donated by Donor C had a fair value of $$37,600.$

$6.$ During the year, Oliver$$s Place collected $$64,000$ in cash on the pledges made in Transaction $1.$

$7.$ Oliver$$s Place spent $$2,400$ on the special program designed to take calm dogs to visit elderly people.

$8.$ Oliver$$s Place paid the following expenses:

Care of animals $$32,000$

Administrative expenses $24,000$

$9.$ Cash gifts of $$9,600$ were received from various donors who stipulated that the resources must be used during the next fiscal year.

Note: If no journal entry is necessary, select the no entry required $-$ debit and no entry required $-$ credit for the account names and record zero for the debit and credit amounts.