Analysis of the accounts of Jonimatt State College for the fiscal year ended June 30, 20X7, provided the following information:

Required

Additional Information
1. Earnings of the endowments included the following:
Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000
Restricted for:  
Scholarships and fellowships . . . . . . . . . . . . . . . . 45,000
Plant expansion . . . . . . . . . . . . . . . . . . . . . . . . 75,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 220,000

2. Contributions received during fiscal year 20X7 were for these purposes:
a. Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,950,000
b. Scholarships and fellowships . . . . . . . . . . . . . . . . . . . 320,000
c. Specific academic programs . . . . . . . . . . . . . . . . . . . 1,800,000
d. Endowment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,300,000
e. Plant expansion . . . . . . . . . . . . . . . . . . . . . . . . . 850,000
f. Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
g. Life income trust . . . . . . . . . . . . . . . . . . . . . . . . . 160,000
3. Restricted investment income was earned for:
a. Scholarships and fellowships . . . . . . . . . . . . . . . . . . $195,000
b. Specific academic programs . . . . . . . . . . . . . . . . . . 250,000
c. Plant expansion . . . . . . . . . . . . . . . . . . . . . . . . . 78,000
d. Debt service . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
4. Restricted federal grants and contracts of $2,230,000 received during the year were restricted for specific operating purposes. State appropriations of $340,000 restricted to specific academic programs and $500,000 restricted to expansion of the business building also were received (and are included in the account balances provided.)
5. Proceeds of equipment sales during the year, $27,000, are unrestricted. The cost of the assets sold was $140,000, and the related accumulated depreciation was $104,000.
6. Depreciation of plant facilities for the fiscal year was $800,000.
7. The university issued $4,000,000 of bonds at par to finance construction of a new chemistry building, but construction had not begun at June 30, 20X7.
8. $300,000 of long-term debt and $340,000 of interest matured and were paid in fiscal year 20X7.
9. Total net position at the beginning of the year was $27,000,000.

Required
Prepare a Statement of Revenues, Expenses, and Changes in Net Position for Jonimatt State College for the fiscal year ended June 30,20X7.

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Unrestricted Restricted Tuition and fees - State appropriations Federal grants and contracts (80% operating, 20% capital) Private gifts, grants, and contracts Sales and services of auxiliary enterprises . Sales and services of educational activities .$7,300,000 . . . 5,920,000 . . .$ . 840,000 2,000,000 3,000,000 500.0()() . Instruction Research Public service . - - 5.830,000 - - 1200,000 . - - .300,000 . 760,000 610,000 2,000,000 .. . ,--. Student services .-.. Institutional support Operation and maintenance of plant Scholarships and fellowships . .- . -2,500,000 3,125,000 200,000 155,000