On January $1,2025,$ a new Board of Directors was elected for Sheridan Hospital. The new board switched to a different accountant. After reviewing the hospital's books, the accountant decided that the accounts should be adjusted. Effective January $1,2025,$ the board decided that Separate funds should be established for the General Fund, the Sheridan Endowment Fund, and the Plant Replacement and Expansion Fund $($the old balances will be reversed to eliminate them$).$ The accounts should be maintained in accordance with fund accounting principles. The balances in the general ledger at January $1,2025,$ are presented here: $[[$Cash$,45,000,],[$Investment in U$.$S$.$ treasury bills,$114,000,],[$Investment in common stock,$417,000,],[$Interest receivable,$3,000,],[$Accounts receivable,$41,000,],[$Inventory$,27,000,],[$Land$,375,000,],[$Building$,261,000,],[$Equipment$,274,000,],[$Allowance for depreciation,,$365,000],[$Accounts payable,$65,000],[$bank loan,$155,000],[$endowment fund balance,$130,000],[$other fund balances,$842,000]$

$1.$ Under the terms of the will of J$.$Ethington, founder of the hospital