and expected $tobe85$ percent collectible. Bad debt expense $is$ included with administrative expenses.

Out$-of-$pocket operating expenses for the year were $$1,400,000.Of$ the total, $$950,000$ are program expenses, $$350,000$ are administrative expenses, and the remainder are fund$-$raising expenses. $$100,000of$ the expenses were unpaid $at$ year$-$end.

The center obtained $a$ $$2,400,000$ mortgage $to$ purchase a building, and obtained $a$ $$300,000$ three$-$year note $to$ purchase equipment. The center also used the grant $to$ finance these purchases; the total cost $of$ the building and equipment was $$3,700,000.$

Interest $of$ $$140,000$ was accrued and paid $on$ the mortgage and note, all allocated $to$ administrative expenses.

Depreciation $on$ the building and equipment $is$ $$190,000,$ all allocated $to$ program expenses.

$a.$ Prepare journal entries $to$ record the transactions for $2023.$ Use a negative sign with $an$ answer for net assets released from restrictions and change $in$ net assets, $if$ appropriate. Otherwise, $do$ not use negative signs.

Note: Not all accounts will have a balance. $If$ the balance $is$ zero for a listed account, leave answer field blank $(or$ enter zero$).$