P7.3. Gaterburg Hospital's general ledger contains the following unad- justed account balances, among others, for December 31, 20X5: Acct. No. 104 Accounts receivable $120,000 105 Allowance for uncollectible accounts -0- 120 Land 15,000 130 Buildings 900,000 131 Accumulated depreciation-buildings 80,000 140 Equipment 450,000 141 Accumulated depreciation-equipment 120,000 501 Contractual adjustments -0- 502 607 609 Charity care adjustments Depreciation expense Bad debt expense The following additional information is available: -0- 1. Of the December 31, 20X5, accounts receivable, it is estimated that 17 percent will prove to be uncollectible due to the following: a. Contractual adjustments, 7 percent b. Charity care adjustments, 6 percent c. Bad debt expense, 4 percent 2. The hospital building was acquired on January 1, 20X1. It has an estimated useful life of 40 years and an estimated salvage value of $100,000. 3. On January 1, 20X1, the hospital acquired $400,000 of equip- ment having an estimated useful life of 12 years and an estimated salvage value of 10 percent. Additional equipment, costing $50,000 and acquired on May 1, 20X5, has an estimated useful life of eight years and an estimated salvage value of $2,000. Required: (1) Prepare, in general journal form, the necessary adjusting entries at December 31, 20X5. (2) Indicate the manner in which receivables should be presented in the hospital's December 31, 20X5, balance sheet. (3) Indicate the presentation of plant assets in the hospital's December 31, 20X5, balance sheet.