contribution to support educational programs for children. At the end of 2023 , the museum receives the first payment. Required Prepare journal entries to record the promise and the first year's contribution. If the museum's net assets are affected, indicate the appropriate category of net assets. Round your answers to the nearest whole number. Note: If a journal entry is not required, select N/A as your Debit and Credit Accounts and leave the amounts blank (Zero). \begin{tabular}{|c|c|c|c|c|} \hline Description & & & Debit & Credit \\ \hline Contributions receivable & & & 80,000 & 0 \\ \hline Discount on contributions receivable & & & 0 & 10,000 \\ \hline Contribution revenue - restricted & & & 0 & 10,000 \\ \hline \multicolumn{5}{|l|}{ To record the present value of the documented promise. } \\ \hline Discount on contributions receivable & & & 2,800 & 0 \\ \hline Contribution revenue-restricted & & & 0 & 700 \\ \hline \multicolumn{5}{|c|}{ To record interest earned on outstanding contributions receivable. } \\ \hline Net assets released from time restriction-restricted & & & 0 & 0 \\ \hline Net assets released from time restriction-unrestricted & & & 0 & 0 \\ \hline \multicolumn{5}{|l|}{ To record release of restriction. } \\ \hline Cash & & & 20,000 & 0 \\ \hline Contributions receivable & & & 0 & 20,000 \\ \hline To record donor's contribution for the year. & & & & \\ \hline \end{tabular}