(Statement of activities for a country club)

The following information was taken from the records of the Land's End Country Club. All account balances are as of the end of the accounting year, June $30,2005$.

Required: Prepare a statement of activities for the Land's End Country Club.

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June 30, 2005. Cash Dues Locker room rentals to members Expenses associated with the golf course Expenses associated with the tennis courts Initiation fees Prepaid expenses Administration expenses Fees: Golf course Swimming pool $ 12,000 631,000 20,000 255,000 105,000 78,000 8,000 65,000 87,000 44,000 Tennis courts 12,000 Expenses associated with the swimming pool 31,000 Land, buildings, and equipment 800,987 Investments 56,000 Assessments against members for capital improvements 200,000 Net assets 6/30/04 (unrestricted) 97,000