Assume that Lake St. Clair Nature Center, a private not-for-profit organization, started the fiscal year beginning January 1, 2013, with$205,000 in temporarily restricted net assets.The amounts are restricted for the following:(1) restricted for educational programs relating to preservation of wetlands:$25,000; (2) restricted for future building expansion:$145,000,and (3) restricted for use in future years including long-term pledges:$35,000.

During the fiscal year ended December 31, 2013 the following transactions occur. Prepare entries for all events including depreciation and reclassifications.

a. Expenses related to educational programs on preservation of wetlands were incurred and paid in the amount of $23,000. - 2 entries

b. Equipment for use in Center's routine activities was donated on July 1, 2013.The equipment had a historical cost to the donor of $100,000 and accumulated depreciation to date of $75,000. It's current value is $30,000 and it has a 3-year remaining useful life. Include entry for depreciation (assuming straight line). - 2 entries

c.Lake St. Clair Nature Center receives a gift of $5,000 to acquire the Zeron 5000, a pollution monitoring device, for the sole use and benefit of the City of Dry Creek's Parks and Recreation Department. The city will use it to monitor water in local park areas. Lake St. Clair Nature Center does not have theability to redirect the gift to other activities or other beneficiaries. - 1 entry

d.Collected a long-term pledge of $5,000.The net present value of the pledge when last re-measured was $4,800.The gift was unrestricted as to use. - 3 entries

e.Marine Biologists assist in testing various streams and small ponds within the county for pollutants.Without their contributions, their services would have to be purchased and would cost the organization $20,000. - 1 entry

f.The Board designates $50,000 for a building expansion project. - 1 entry

g.Construction on an addition to the building was started.Invoices to date total $200,000.None have been paid. Refer to opening data. -2 entries

h.A wealthy benefactor donates 10 acres of land valued at $1,000,000 to the center to be preserved permanently as wet lands for the enjoyment of the public and wildlife. - 1 entry