St. Martha's Hospital, a private not-for-profit, began the year 2015 with the following trial balance: Debits Credits 604,000 620,000 Cash Patient Accounts Receivable Allowance for Contractual Adjustments Property, Plant, and Equipment -Net of Depreciation 144,000 800,000 Accounts Payable Unrestricted Net Assets Temporarily Restricted Net Assets 540,000 1,100,000 240,000 2,024,000 2,024,000 Transactions for 2015 are as follows: (a) Collected $340,000 of the Patient Accounts Receivable that was outstanding at 12-31-2014. Actual contractual adjustments on these receivables totaled $152,000. (b) The Hospital billed patients $2.350,000 for services rendered. Of this amount, 7% is expected to be uncollectible. Contractual $831,000. (Hint: use an allowance account to reduce accounts receivable for estimated contractual adjustments). (c) In 2014 the Hospital had received a contribution of $240,000 to purchase new ultraso equipment. The equipment was purchased for $300,000 in 2015. d) Charity care in the amount of $60,000 (at standard charges) was performed for indigent patients. (e) The Hospital received $700,000 in securities to establish a permanent endowment. Income from the endowment is unrestricted. (0 Other revenues collected in cash were: gift shop $11,000 and cafeteria $33,000. (g) The Hospital received in cash unrestricted interest income on endowments of $5,000. Unrealized gains on endowment investments totaled $7,000. (h) Expenses amounting to $1,120,000 for Professional Care of Patients, $310,000 for General Services, and $190,000 for Administration were paid in cash. (i) Depreciation on fixed assets, including the ultrasound equipment, totaled $124,000 for the year. ($90,000 for Professional Care of Patients, $18,000 for General Services, and $16,000 for Administration.) adjustments with insurance companies are expected to total