St. Martha's Hospital, a private not-for-profit, began the year 2015 with the following trial balance: Cash 604000

Patient accounts receivable 620000

Allowance for contractual adjustments (144000)

Property plant and equipment-net of depreciation 800000

Accounts payable (540000)

Unrestricted net assets (1100000)

Temporarily restricted net assets (240000)

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 adjustments with insurance companies are expected to total $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 ultrasound 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. (f) 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.) (j) Closing entries were prepared. Required: A. Record the transactions described above. B. Prepare in good form, a Statement of Operations for the year ended December 31, 2015. C. Prepare in good form, a Statement of Changes in Net Assets for the year ended December 31, 2015.