The Kare Counseling Center was incorporated as a not-for-profit organization 10 years ago. Its adjusted trial balance as of June 30, 2020, follows.

1. Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, 40 percent; professional training, 20 percent; community service, 10 percent; management and general, 20 percent; and fund-raising, 10 percent. Occupancy and utility, supplies, printing and publishing, and telephone and postage expenses were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five functional expense categories.
2. The organization had $165,314 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $310,800 that was unrestricted and $38,100 that was restricted for the purchase of equipment for the center. It had $9,200 of income earned and received on long-term investments. The center spent cash of $288,410 on salaries and fringe benefits, $22,000 on the purchase of equipment for the center, and $86,504 for operating expenses. Other pertinent information follows: net pledges receivable increased $6,000, inventory increased $1,000, accounts payable decreased $102,594, and there were no salaries payable at the beginning of the year.

Required
a. Prepare a statement of financial position as of June 30, 2020, following the format in Illustration 14€“5.
b. Prepare a statement of expenses by nature and function for the year ended June 30, 2020, following the format in Illustration 14€“8.
c. Prepare a statement of activities for the year ended June 30, 2020, following the format in Illustration 14€“6.
d. Prepare a statement of cash flows for the year ended June 30, 2020, following the format in Illustration 14€“7.

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Debits Credits $126,500 Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges 41,000 $ 4,100 Inventory 2,800 178,000 210,000 Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable 120,000 20,520 Net Assets Without Donor Restrictions 196,500 Net Assets With Donor Restrictions–Programs 50,500 140,000 Net Assets With Donor Restrictions-Permanent Endowment Contributions-Without Donor Restrictions 348,820 Contributions-With Donor Restrictions-Programs 38,100 Investment Income-Without Donor Restrictions 9,200 Net Assets Released from Restrictions-With Donor Restrictions 22,000 Net Assets Released from Restrictions-Without Donor Restrictions 22,000 Salaries and Fringe Benefit Expense Occupancy and Utility Expense Supplies Expense Printing and Publishing Expense Telephone and Postage Expense Unrealized Gain on Investments 288,410 38,400 6,940 4,190 3,500 2,000 Depreciation Expense 30,000 $951,740 $951,740 Totals