Question 3 (4 marks) The Northland Regional Hospital is a not-for-profit organization. During the year it received the following contributions: 1. Edward Smith donated $225,000 to be used as a scholarship fund for doctors in training. Edward stipulated that the scholarships must come out of the interest from the invested funds only. 2. Local businesses donated $36,000 to be used however the hospital's management team sees fit. 3. Carrie Maurice donated $125,000. Carrie stated that she would like to see the funds used toward improvements in the emergency room. 4. Greg Francis donated $350,000 to the hospital with NO stipulations. The board of directors of the hospital decided that it would hold the funds for use in the purchase of new ultrasound equipment. Required: Classify each item above by type of contribution (restricted, unrestricted, endowment, or other), and explain why the classification applies. (4 marks)