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The following information is contained in the funds that are used to account for the transactions of the Hospital of Havencrest, which is operated by

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The following information is contained in the funds that are used to account for the transactions of the Hospital of Havencrest, which is operated by a religious organization. The balances in the accounts are as of June 30, 20X8, the end of the hospital's fiscal year. Specific- Purpose Fund $ 32,000 Plant Replacement and Expansion Fund $140,000 Endowment Fund $ 20,000 General Fund $ 30,000 25,000 (5,000) 50,000 10,000 100,000 300,000 (140,000) 45,000 17,000 11,000 24,000 125,000 60,000 Cash Accounts Receivable Allowance for Uncollectibles Inventories Prepaid Expenses Long-Term Investments Property, plant and Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Deferred Revenue Current Portion-Long-Term Debt Mortgage Payable 500,000 Additional Information: The $32,000 in the specific purpose fund is restricted for research activities to be conducted by the hospital. Required: Prepare a balance sheet for Havencrest at June 30, 20X8

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