Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit, with a June 30 fiscal year-end, uses a single account to record all unrealized and realized investment gains and losses. Then, prepare journal entries for Events 2 and 3, based on the assumption that the nonprofit separates unrealized from realized investment gains and losses. 1. On July 15, a nonprofit received a donation of Apple stock that had a fair value of $60,000 at the time of the donation. The donor told the nonprofit that the stock could be sold and used only to finance a particular research project. 2. On December 31, when the nonprofit closed its books, the stock had a fair value of $61,200. 3. On February 15, the nonprofit sold the stock for $60,800. 4. On March 15, the nonprofit spent the entire $60,800 on the research project for which the donor made the gift. Recognizing gains and losses using a single account Debits Credits 1 0 0 0 0 To record the contribution revenue 2. 0 0 0 0 To recognize the investment unrealized gains or losses 3 0 O O o 0 0 To record the sale of stock investments 4 0 0