Pink Plants Protectors (PPP) is a Not for Profit Organization engaged in the protection of exotic endangered Pink plants. The following transactions took place in Year 6: 1. On January 1, Year 6, a founding member of PPP contributed $100,000 on the conditions that the principal amount be invested in marketable securities and that only the income form the investment is spent on operations 2. On January 1, Year 6, PPP received its first cash contribution $120,000 for the purchase and maintenance of land and a greenhouse building for its rare Pink plant collection. 3. On January 1, Year 6, PPP acquired land and a building for $22,000 and $80,000 cash, respectively. The building has an estimated useful life of 20 years and zero residual value. Required Prepare journal entries for the above transactions for Year 6 assuming that: a. PPP uses the restricted fund method of accounting. (5 Marks) b. PPP uses the deferred method of accounting. (5 Marks) Pink Plants Protectors (PPP) is a Not for Profit Organization engaged in the protection of exotic endangered Pink plants. The following transactions took place in Year 6: 1. On January 1, Year 6, a founding member of PPP contributed $100,000 on the conditions that the principal amount be invested in marketable securities and that only the income form the investment is spent on operations 2. On January 1, Year 6, PPP received its first cash contribution $120,000 for the purchase and maintenance of land and a greenhouse building for its rare Pink plant collection. 3. On January 1, Year 6, PPP acquired land and a building for $22,000 and $80,000 cash, respectively. The building has an estimated useful life of 20 years and zero residual value. Required Prepare journal entries for the above transactions for Year 6 assuming that: a. PPP uses the restricted fund method of accounting. (5 Marks) b. PPP uses the deferred method of accounting