.)

\section*{P12-3 (Preparation of financial statements for an NFPO)}

Following are the preclosing fund trial balances as of December 31, 2004, for Oliver's Place, an NFPO. (The trial balances are based on the transactions contained in P12-2.)

\section*{Required: 1. Prepare a statement of activities for the year ended December 31,2004 . \\ 2. Prepare a statement of financial position as of December 31, 2004.}

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Cash Oliver's Place Preclosing Trial Balances December 31, 2004 Unrestricted Current Fund Contributions receivable Investments Allowance for uncollectible contributions Unrestricted support-contributions Unrestricted support-donated services Unrestricted revenue-investment income Unrestricted gains-unrealized investment gains Unrestricted asset reclassifications in-satisfaction of program restrictions Care of animals expense Special programs expense Administrative expenses Debit Credit $ 11,000 20,000 22,000 $ 5,000 115,000 10,000 1,000 2,000 3,000 50,000 3,000 30,000 $136,000 $136,000