please solve it as soon as possible

Problem 3 (27 points) Please prepare journal entries, if needed, for the transactions below for Starfleet Academy, a public university, for the fiscal year starting July 1, 2020 and ending June 30, 2021. You do not need to identify items as "Operating" or "Nonoperating." 1. For the fiscal year ended June 30, 2021, $9,000,000 student tuition and fees were assessed. 2. Student scholarships for which no services were required, were awarded in the amount of $1,000,000 These scholarships were applied to the tuition assessed in #1. 3. Pell Grants in the amount of $2,400,000 were received by the university. 4. In May, 2021, tuition and fees were received in cash in the amount of $3,800,000, for the fall semester of the next fiscal year (the July 1, 2021 - June 30, 2022 fiscal year). 5. Student scholarships for which services were required, amounted to $1,650,000. These were applied to the tuition and fees assessed in #1. 6. $600,000 of cash was received from a fund-raising campaign to enhance an endowment for the College of Business. This amount was immediately invested in stock investments. 7. Salary expenses of $85,000 were paid in cash. 8. The University incurred $300,000 of qualifying expenditures under a cost-reimbursement grant from the State of Michigan 9. By year end, $240,000 had been received from the State of Michigan under the grant in #8