Please see below for transactions of a college:

1. A not-for-profit organization sent notifications to the college thatnextyeara $710,000 grant for vaccinationresearch would be available to the college.
2. The college received anendowmentin the amount of $760,000.
3. The college generated$3,550,000revenue from tuition and fees. Cash refunds of $464,000 were given.
4. Tuition waiver of $18,100 were awarded tostudents with outstanding academic performance.
5. The college renovateda building to add more rooms.The cost of the renovationwas $3,007,000.
6. The medicinedepartment spent $38,000 on vaccinationresearch.
7. At the end of the year, $2,550 of estimated uncollectible tuition and fees was recorded.

1) Prepare journal entries to record the foregoing transactions, assuming thecollegeis a public institution.