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As of December 31, 2019, The Maine Lighthouse Museum had unrestricted cash of $52,000, building and land with a net book value of $145,000, and

As of December 31, 2019, The Maine Lighthouse Museum had unrestricted cash of $52,000, building and land with a net book value of $145,000, and donor restricted permanent collections totaling $ 140,000. There were no liabilities. The Museum has two programs: Operation of a Fishing Museum and Educational Programs. During the year ended December 31, 2020 the Museum incurred the following transactions:(1) Cash contributions to the Museum included (a) unrestricted $421,000, (b) restricted for educational programs $45,000 and (c) restricted by the donor for endowment purposes $105,000.(2) Additional unrestricted cash receipts included $61,000 in fees from individuals and organizations using the Museum building as a meeting facility. Included in this is $9,000 for a meeting to be held in January 2019.(3) Incurred cash expenses:

Item Total Amount Portion for Museum operations Portion for Education Programs Admin.
Utilities - Programs $54,000 26,000 28,000
Utilities - Admin 20,700 20,700
Salaries - Programs 136,500 112,000 24,500
Salaries - Admin 41,000 41,000
Supplies Programs 83,100 70,000 13,100
Supplies Admin 7,000 7,000

Total 342,300 208,000 65,600 68,700

(4) Purchased land for future expansion to the adjoining lot in the amount of $35,000.(5) Depreciation on the Museum building amounted to $55,000 and is allocated on the basis of square feet: $40,000 to Museum operations, $5,000 to Education Programs, and $10,000 to administration.(6) Outstanding purchase orders for administrative supplies at 12-31-2020 totaled $2,000. Prepare a Statement of Activities and Changes in Net Assets for the Museum for the year ended 12-31-2020

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