ASAP!!

Please give the correct answer

A not-for-profit medical research foundation begins the year with cash of $700 (in thousands). Of this, $400 is without restriction, $200 is restricted as to purpose (with 80 percent to be used for equipment and 20 percent for salaries), and $100 is permanently restricted. Seventy percent of the income from the permanently restricted funds must be used for fund-raising related advertising and the remainder is unrestricted.

Transactions during 2021:

a. Received unrestricted cash gifts of $210.

b. Paid $80 in salaries with $20 from restricted funds. Of the total salaries, 40 percent is for administration, 30 percent is for fund-raising personnel, and 30 percent is for medical research salaries.

c. Bought equipment for $300 with a long-term note for $250 and used restricted funds for the remainder. 80 percent of the equipment will be used for research, 10 percent for administration, and 10 percent for fund-raising. The donor of the restricted funds made no stipulation regarding the reporting of the equipment purchase.

d. Collect membership dues $30. The members receive considerable value from these dues including a monthly newsletter that describes research activities. At year-end, 1/12 of this amount had been earned.

e. Received $10 from a donor that must be conveyed to another organization that is researching a related disease.

f. Received $13 of investment income generated by the permanently restricted net assets. The donor has stipulated that 70 percent of this income is be used for advertising and that the remainder may be used at the organizations discretion.

g. Paid advertising of $2. The money comes from the income earned in f.

h. Received an unrestricted pledge of $100 that will be collected in 3 years. The organization expects to collect the entire amount. The present value of the pledge was $78 at the time of donation and increased during the year by $5 of interest (considered contribution revenue).

i. Depreciation on the new equipment is $20.

j. Spend $93 on research supplies.

k. Owed $5 in salaries at the end of the year. None will be paid from restricted net assets. Fifty percent applies to medical research and 50 percent to fundraising.

l. Received a donated painting valued at $800 that qualifies as a museum piece. The organization prefers not to record this gift.

Prepare a statement of activities and a statement of financial position for this organization for this year.