The Pension Trust Fund maintained by the city of Marydell had the following transactions and events during its current fiscal year: 1. Contributions of $960,000 were received from General Fund employees, and the General Fund contributed its share of $160,000. 2. The fund paid $800 for investment management fees. 3. Investments held by the fund increased in value by $5,600. 4. Depreciation on fund capital assets totaled $1,280 5. Retirement benefits of $12,320 were paid to retirees. 6. Interest of $4,000 and dividends of $2,240 were received from investments. Prepare journal entries to record the transactions and events above for the Pension Trust Fund. If an entry affects more than one debit or credit account, enter the accounts in order of magnitude (largest to smallest balances), debits first.

	Account	Debit	Credit
	To record contributions received.
	To record payment of management fees.
	To record change in value of investments.
	To record depreciation on capital assets.
	To record payment of retirement benefits.
	To record receipt of interest and dividend income.

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