The net assets in the general fund of Shaunavon Hospital, a not-for-profit entity, at the beginning of Year 6 was $90,000. The following are transactions and events of the general fund for the year ended December 31, Year 6:

1. Billed a total of $2,800,000 for patient services.
2. Incurred operating expenses of $2,910,000, as follows:

Nursing services	$	1,235,000
Other professional expenses		625,000
Fiscal services		115,000
General services		745,000
Bad debts		60,000
Administration		130,000
Accounts credited for operating expenses:
Cash	$	2,580,000
Allowance for uncollectible accounts		60,000
Accounts payable		110,000
Inventory		120,000
Donated nursing services		40,000

1. Received a transfer of $70,000 from the nursing services fund for payment of approved operating costs in accordance with the terms of the restricted gift.
2. Transferred $100,000 to the capital fund to purchase new equipment for the hospital.
3. Received $80,000 of unrestricted donations.
4. Collected accounts receivable of $2,900,000 and wrote off $35,000 of the uncollectible accounts.
5. Reported a $35,000 increase in the market value of the investment securities from the beginning of the period. The board designated this entire income for other than current operations.

Required: (a) Prepare journal entries in the general fund for each of the transactions and events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

(b) Prepare the statement of operations and changes in fund balance for the general fund for Year 6. (Input all amounts as positive values. Omit $ sign in your response.)

Shaunavon Hospital
Statement of Operations and Changes in Fund Balance
For the Year Ended December 31, Year 6
Revenues and income:
Revenue - Patient services		$
Contribution revenue unrestricted donations
Contribution revenue donated nursing services
Investment income reserved for future operations
Total revenues and income
Expenses and losses:
Nursing services	$
Other professional services
Fiscal services
General services
Bad debts
Administration
Total operating expenses
Excess of revenues over expenses
Fund balance, beginning of year
Transfer from nursing services fund
Transfer to capital fund
Fund balance, end of year