prepare in general journal form for the following transactions of hudson regional hospital, a nongovernmental not-for-profit hospital:

1. gross charges for hospital services totaled $3,500,900. of this amount, third party insurance paid $1,520,00. additionally, the hospital provided 211,260 of charity care.

2. nursing services expendes paid during the year totaled 1,035,000. some of these nursing expenses met a net asset restriction, and 100,000 was relsease from restriction.

3. the hospital's finance officer, in compliance with the directive of the governing board, invested 600,000 of operating cash in certificates of deposit to be held for future purchases of equipment.

4. a federal grant was received in cash in the amount of 400,000 to be used for heart research. during the current year only 50,000 was spent for this research program.