Attached are the current fund balances for the Blue Handicapped Children Association, a voluntary health and welfare organization (VHWO), at June 30, 20X2. Assume that items listed as restricted are temporarily restricted

REQUIRED: (a Prepare a statement of activities for the fiscal year ending June 30, 20X2.

(b) Prepare a statement of financial position at June 30, 20X2.

BLUE HANDICAPPED CHILDREN ASSOCIATION TRIAL BALANCE AT JUNE 30, 20X2
	Current Funds--Unrestricted		Current Funds--Restricted
	Debits	Credits	Debits	Credits
Cash	$ 32,000		$ 19,000
Bequests Receivable			13,000
Pledges Receivable	26,000
Allowance For Uncollectible Pledges		$ 3,000
Accrued Interest Receivable	1,500
Investments (at market)	125,000
Accounts Payable and Accrued Expenses		39,000		$ 4,000
Deferred Revenue		3,000
Fund Balance--Designated, 7/1/X1		15,000
Fund Balance--Undesignated, 7/1/X1		40,000
Fund Balance--Restricted, 7/1/X1				4,000

BLUE HANDICAPPED CHILDREN ASSOCIATION TRIAL BALANCE (CONTINUED) AT JUNE 30, 20X2
	Current Funds--Unrestricted		Current Funds--Restricted
	Debits	Credits	Debits	Credits
Bequests (Unrestricted)		30,000
Contributions		360,000		32,000
Membership Dues		20,000
Program Service Fees		40,000
Investment Income		15,000
Deaf Childrens Program	140,000
Blind Childrens Program	180,000
Management and General Services	55,000
Fund Raising Services	11,000
Provision For Uncollectible Pledges	2,500
Net Assets Released From Restrictions--Satisfaction of Program Restrictions		8,000	8,000
Totals	$ 573,000	$ 573,000	$ 40,000	$ 40,000