$39.$ The Willson Center is a private not$-$for$-$profit entity. During $2024,$ it receives pledges of $$600,000$ that it expects to collect during $2025.$ Of that amount, $10$ percent is viewed as conditional. Of the rest, $$300,000$ must be used for automotive equipment for the NFP$.$ In addition, $$50,000$ is set aside by the entity's board of directors for emergencies. The donor stipulates that another $$100,000$ be held permanently with all subsequent income used to buy food for hungry children. The remainder of the pledges are not restricted in any way. Of the unrestricted pledges, $$5,000$ is expected to prove uncollectible. In addition, a local social worker, earning $30$ per hour working for the state gov$-$emment, contributes $600$ hours of time to the Wilson Center. Without these donated services, the organization would have had to hire an additional staff person. Answer the following questions.a$.$ What is meant by conditional pledges? How are conditional pledges reported?b$.$ What is the reporting of the $$300,000$ in pledges for automotive equipment when the pledge is received? When the money is collected? When the money is properly spent assuming the donor made no stipulation about reporting?c$.$ What is the reporting of the $$50,000$ set aside by the entity's board of directors for emergencies?d$.$ What is the reporting of the $$100,000$ to be permanently held with the income used to buy food for hungry children? What is the reporting when income is earned? What is the reporting when this income is spent as stipulated?e$.$ What is the reporting of the remaining pledges that are not restricted? What is the reporting of the bad debt amount?f$.$ Should the donated services be reported? If so$,$ why?g$.$ If the donated services should be reported, what is the appropriate journal entry?