Southeastern College began the year with endowment investments of $1,250,000 and $750,000 of restricted cash designated by a donor for capital additions 1 During the year an additional $505,000 donation was recelved for capital additions These funds together with those contributed in the prior year were used to purchase 150 acres of land adjacent to the universty 2. An alum contributed $260,000 to the permanent endowment and pledged to provide an additional $480,000 early nexi year The cash was immediately invested 3 By terms of the endowment agreement, interest and dividends received on the investments are restricted for scholarships Gains or losses from changes in the fair value of the investments, however, are not distributed but remain in the endowment: During the year $55,000 of interest and dividend were received on endowment investments 4. At year-end, the far value of the investments had increased by $7,400 Required: Prepare journal entries to record the above transactions assuming a. Southeastem College is a public university b. Southeastein College is a private university Complete this question by entering your answers in the tabs below. Prepare joumal entries to record the above transactions assuming southesstern colvege is a public university. (If no entry it required for a transaction/event, select "No Journal Entry Required" in the first account field )