The Dave Health Care Center (DHCC) was created in 2017 to provide medical services to low-income residents of Dave Town. DHCC had the following transactions during the year:
1. Received a pledge from a donor for $20,000, payable in equal installments of $5,000 per year. The first payment of $5,000 was received in 2017. This pledge is to support general operations of DHCC (for purposes of this transaction, you may ignore time value of money).
2. Expenditures for the year included $2,000 for equipment and $2,500 for supplies. The equipment has a five-year expected life, with no salvage value. DHCC uses the straight-line depreciation method.
DHCC can be created using three different potential structures. These include
A. Special revenue fund owned and operated by the government of Dave Town.
B. As an enterprise fund owned and operated by the government of Dave Town.
C. As a not-for-profit corporation owned and operated by the "Friends of Dave."
Show what amounts will be recorded as revenues and expenses/expenditures for 2017 under the three organizational structures listed. Then show how the differences between revenues and expenses/expenditures will be shown in the net position/net asset portion of the balance sheet.