Preparation of journal entries for not-for-profit The Brewster Boosters is a not-for-profit organization that supports the Brewster White Caps baseball team in the summer Cape Cod League for college-aged baseball players. During the year, the organiza tion recorded a number of financial activities. Prepare journal entries for each of the following activities: a. The organization recognized the following revenues (the contributions are all on account and the investment returns are in cash) 112,000 18,000 7,680 11,520 19,200 Revenues-investment (unrestricted) Revenues-investment (permanently restricted) b. Brewster Boosters recognized program expenses of $1,040,000 and expenses related to support activities of $148,000, both on account. Of the program expenses, $80,000 was paid from temporarily restricted funds and used in compliance with the donor's stipulations c. The organization acquired $52,000 of long-term assets during the year and recorded $36,000 of depreciation expense (record the net increase in long-term assets to the PPE, net account) d. Brewster Boosters purchased $48,000 of investments during the year e. The organization collected $1,200,000 of contributions receivable and used the cash to pay $1,160,000 of accounts payable