The following transactions occurred during the 20X6 fiscal year of Pate County College. 1. A donation of $150,000 was received in cash for the purpose of making loans to students. 2. Cash in the amount of $50,000 was invested in bonds acquired at par. 3. Loans of $60,000 were made to students. 4. Interest on investments, $300, was received in cash. 5. Student loans of $1,000 were written off as uncollectible.