Cure-19 is a large not-for-profit organization that funds research into a variety of diseases. Annual revenues are in excess of S10 million. You have just been appointed treasurer on its board and the accountant has come to you with a variety of questions. The following summarizes some of the transactions made during the December 31, 2020 year end: A) Cure-19 received a large endowment of S1 million on January 1, 2020. During the year ended 2020, there was interest earned of $50,000. B) Cure-19 received a land donation valued at $200,000 from a donor on March 1, 2020 C) Cure-19 received an equipment donation valued at $100,000 on June 30, 2020. The equipment has a 4- year useful life. D) During the year, 1,000 volunteer hours were provided to Cure-19. The accountant has estimated that the value of this time is $20,000. The accountant stated that without the volunteers, Cure-19 would have had to hire employees to perform the work. Required In accordance with the requirements of the CPA Canada Handbook Part III (Not-For-Profit Organization standards), prepare the journal entries necessary to reflect the transactions above. Assume the Company is using the deferral method of accounting for contributions, and it uses the only the operations fund to account for all activities. Where there is an option on how to book the journal entry, please specify all options, and what criteria needs to be considered. A) 2 Points B) 1 Point C) 2 Points D) 3 Points