Transactions plus multiple statements. St. Catherines Diagnostic Center had the fol- lowing ending balances at December 31, 20X0, for its assets, liabilities, and net assets accounts. Edit question Givens Cash and temporary investments $300,000 Accounts receivable $2,500,000 Allowance for uncollectibles 200,000 Inventory 205,000 Plant and equipment 5,800,000 Accumulated depreciation 312,000 Accounts payable 230,000 Other short-term notes payable 30,000 Long-term bonds payable 400,000 Unrestricted net assets 7,632,800 Temporarily restricted net assets 200 List and record each 20X1 transaction under the accrual basis of accounting. Then develop a balance sheet at end-of-years 20X0 and 20X1 and a statement of operations and a statement of changes in net assets for the year ended December 31, 20X1. a. The center collected $2,000,000 in cash from outstanding accounts receivable. b. The center purchased $2,000,000 of inventory on credit. c. The center provided $9,100,000 of patient services on credit. d. The center incurred $4,660,000 of labor expenses, which it paid in cash. e. The center consumed $1,930,000 of supplies from its inventory in the provision of its diagnostic services. f. The center paid $45,000 in cash for outstanding short-term notes payable. g. The center collected $7,650,000 in cash from outstanding accounts receivable. h. The center paid $1,800,000 in cash for outstanding accounts payable. i. The center issued $3,800,000 in long-term bonds that it must pay back. j. The center purchased $3,000,000 in new equipment using a short-term note payable. k. The center incurred $51,000 in interest expense, which it paid in cash. l. The center incurred $1,050,000 in general expenses, which it paid in cash. m. The center made a cash payment of $780,000 toward principal payment of its out- standing bonds. n. A local corporation gave an unrestricted $46,000 cash donation. (Hint: this transaction increases the unrestricted net assets account.)