Question 1. The following information relates to Hudson City for its ?scal year ended December 31, 2014. On January 31, 2014, the city purchased as an investment for its debt service fund a ?fteen-year, 6 percent,1 million bond for 998,000. During the year it received 30, was 999,500. On December 31, 2013, the Foundation for the Arts pledged to donate 1, up to a maximum of 1 million, for each 3 that the museum is able to collect from other private contributors. The funds are to ?nance construction of the city-owned art museum. During 2014, the city collected 600,000 and received the matching money from the Foundation. In January and February 2015 it collected an additional 2,400,000 and also received the matching money....