394 PART IV Reporting Results 10-16. ARCH began the year SRS r durin 1 began the year with the following alances (shown in alphabetical order) in their accounts: $ 27,000 Accounts Payable 26,000 Accounts Receivable, Net 10,000 Cash 25,000 Inventory 270,000 Notes Payable 100,000 Permanently Restricted Net Assets Pledges Receivable 350,000 Property, Plant, and Equipment, Net 350,000 Temporarily Restricted Net Assets 30,000 Unrestricted Net Assets 302,000 Wages Payable 32,000 Record this information and the transac- tions from Problem 10-15 in a worksheet similar to Exhibit 10-7. 10-17. Use Problems 10-15 and 10-16 to prepare an activity statement (operating statement), a comparative statement of financial position (balance sheet), and a statement of cash flows (using the indirect method). What do you learn from these statements, and what questions do they raise? 10-18. The Science Road Show (SRS) is a not- for-profit organization that puts on trav- eling science demonstrations throughout the state. SRS operates on a September 1-August 31 fiscal year. The organization began FY 2018 with the following account balances