The following selected events and transactions were recorded by Milos County Hospital.

Gross charges for hospital services, all charged to accounts and notes receivable, were as follows:

The hospital cafeteria and gift shop had cash sales of $$295,300$

Additional information determined subsequently to recording patient service revenues and relating to the current year

is as follows:

A federal cost reimbursement research grant of $$350,000$ was awarded. As of the end of the year, $$200,000$ in

expenses related to the grant had been made.

Vouchers totaling $$1,326,540$ were issued for the following items:

Collections of accounts receivable totaled $$1,159,000.$ Accounts written off as uncollectible amounted to $$11,900.$

Cash payments on vouchers payable $($paid to employers and suppliers$)$ during the year were $$1,031,200.$

Supplies of $$99,770$ were issued to nursing services.

On December $31,$ accrued interest income on investments was $$800.$

Depreciation of buildings and equipment was as follows:

On December $31,$ closing entries were made in the general journal.

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Required $A1$

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Prepare journal entries for each of the transactions in accordance with the standards for a governmental health care entity that

follows proprietary fund accounting. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the

first account field.$)$

Prepare closing entries in accordance with the standards for a governmental health care entity that follows proprietary fund accounting. $($If no

entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Calculate the net patient service revenue that would be reported on the statement of revenues, expenses, and changes in net

position.