Problem $9-29($Page $348).$ The Hospital for Ending Long$-$term Problems $($HELP$)$ had the following financial events during the year:

$1.$ HELP collected $$250,000$ in cash that it had billed to the federal government under Medicare. The money had been earned in the prior fiscal year and was recorded as revenue then.

$2.$ HELP paid back $$100,000$ it borrowed at the end of last year on a line of credit. The bank did not charge interest.

$3.$ HELP bought $$25,000$ in supplies to treat patients. HELP paid the supplier for all the supplies with cash.

$4.$ HELP belongs to the state hospital association, and its membership is current $($meaning it is paid up through the end of the year$).$ HELP receives an invoice for $$75,000$ for next year$$s fees but has not paid it yet.

$5.$ HELP replaced many of the patient examination tables. They cost $$50,000$ and HELP put $$10,000$ down in cash. The rest is still owed.

$6.$ HELP paid $$65,000$ it owed employees from last year. Employees had earned this last fiscal year, and it was recorded as an expense then.

$7.$ Show the impact of these transactions on the fundamental equation of accounting. $($Optional: Show journal entries using debits and credits. See Appendix $9-$A on page $348.)$

Problem $9-30.$ HELP started the year with the following account balances $($shown in alphabetical order$)$:

Accounts Receivable $300,000$

Cash $135,000$

Accounts Payable $0$

Equipment $70,000$

Line of Credit $100,000$

Net Assets with donor restrictions $217,000$

Net Assets without donor restrictions $125,000$

Supplies $7,000$

Wages Payable $70,000$

Record these opening balances and the transactions from Problem $9-29$ in a worksheet similar to Exhibit $9-4$ on page $343.$

Problem $9-31.$ Use the ending balances from Problem $9-30$ to prepare a balance sheet.