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Assignment 3: Non-Profit College Name: ID: The following balance are provided for a college established by a group of volunteers in 2017. The balances are

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Assignment 3: Non-Profit College Name: ID: The following balance are provided for a college established by a group of volunteers in 2017. The balances are provided as at the end of 2019 in (S): Cash 1,500,000; accounts payable 2,700,000; long-term investments 1,200,000; allowances for uncollectible fees 100,000 ; fees receivables 1,800,000, unearned fees revenues $500,000, accumulated depreciation 600,000 , property, plant, and equipment 2,400,000. Based on above information, you are requested to prepare: 1. The Statement of Changes in Net Position 2. The Statement of Net Position. Assignment 3: Non-Profit College Name: ID: The following balance are provided for a college established by a group of volunteers in 2017. The balances are provided as at the end of 2019 in (S): Cash 1,500,000; accounts payable 2,700,000; long-term investments 1,200,000; allowances for uncollectible fees 100,000 ; fees receivables 1,800,000, unearned fees revenues $500,000, accumulated depreciation 600,000 , property, plant, and equipment 2,400,000. Based on above information, you are requested to prepare: 1. The Statement of Changes in Net Position 2. The Statement of Net Position

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