Public university, various transactions, statement of current funds revenues, expenses, and other changes. A partial balance sheet of Tree State University, a public university, as of the end of its fiscal year, July 31, 2018, is as follows: Tree State University Current Funds Balance Sheet July 31, 2018 Unrestricted: Cash Assets Accounts receivable (net of $15,000 allowance)... Prepaid expenses.. Total unrestricted. Restricted: Cash Investments. Total restricted. Total current funds. Unrestricted: Liabilities and Fund Balc $200,000 360,000 Accounts payable. Due to other funds Deferred revenues-tuition and fees... 40,000 Fund balance... $600,000 Total unrestricted. Restricted: $ 10,000 210,000 Accounts payable Fund balance... $220,000 $820,000 Total restricted. Total current funds.. The following information pertains to the year ended July 31, 2019: a. Cash collected from students' tuition totaled $3,000,000. Of this amount, $362,000 represented accounts receivable outstanding at July 31, 2018; $2,500,000 was for current-year tuition; and $138,000 was for tuition applicable to the semester beginning in August 2019. b. Deferred revenues at July 31, 2018, were earned during the year ended July 31, 2019. c. Accounts receivable at July 31, 2018, that were not collected during the year ended July 31, 2019, were determined to be uncollectible and were written off against the allowance account. At July 31, 2019, the allowance account was estimated at $10,000. d. During the year, an unrestricted appropriation of $60,000 was made by the state, to be paid to Tree sometime in August 2019. e. During the year, unrestricted cash gifts of $80,000 were received from alumni. Tree's board of trustees allocated $30,000 of these gifts to the student loan fund. f. During the year, restricted fund investments costing $25,000 were sold for $31,000. Restricted fund investments were purchased at a cost of $40,000. Restricted fund investment income of $18,000 was earned and collected during the year. This income is restricted for an ongoing research project. g. Unrestricted general expenses of $2,500,000 were recorded in the voucher system. At July 31, 2019, the unrestricted accounts payable balance was $75,000. h. The restricted accounts payable balance at July 31, 2018, was paid. The restricted fund paid $10,000 from its investment income for costs of an ongoing research project. i. The $40,000 due to other funds at July 31, 2018, was paid to the plant fund as required. j. One-quarter of the prepaid expenses at July 31, 2018, expired during the current year and