P7.3. Gaterburg Hospital's general ledger contains the following unad- justed account balances, among others, for December 31, 20X5: Acct. No. 104 $120,000 105 -O- 131 Accounts receivable Allowance for uncollectible accounts 120 Land 130 Buildings Accumulated depreciation-buildings 140 Equipment Accumulated depreciation equipment Contractual adjustments 502 Charity care adjustments 607 Depreciation expense 609 Bad debt expense The following additional information is available: 15,000 900,000 80,000 450,000 120,000 501 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, 2005, balance sheet. (3) Indicate the presentation of plant assets in the hospital's December 31, 20X5, balance sheet