The following transactions are for a nongovernmental not-for-profit organization. REQUIRED: Record the transactions in journal entry form. 1. A business donated rent-free office space to the organization that would normally rent for $28,000 a year. 2. A fund drive raised $228,000 in cash. 3. The organization received a state grant of $100,000, which was required to be used to support a specific program. 4. Volunteers contributed $30,000 of time to help with answering the phones, mailing materials, and various other electrical duties. 5. Pledges of $200,000 were received for construction of a new building. The pledges are payable over five (5) fiscal years. The discounted value of the $160,000 in pledges to be received in the next 4 years (2013, 2014, 2015, 2016) is $146, 800. 6. Office furniture with a fair value of $ 15, 200 was donated to the organization. 7. Net assets in the amount of $ 100,000 were released to reflect the satisfaction of state grant requirements that grant resources were used for program purposes