The Urban Arts Society encourages an appreciation for the arts among inner city teenagers, by offering workshops and sponsoring unjudged art shows and mentoring programs. In a previous year, donors contributed $1 million to build a new classroom facility. Halfway through the current year, the facility was completed at a cost of $1 million and placed into service. Its estimated useful life is 20 years. Required Prepare journal entries to record the events described for the current year. If an account affects net assets, indicate which category of net assets is affected