Below are balances pertaining to the activities of the XYZ Center for Theater Arts, a private NFP organization, for the current year. All items affect net assets without donor restrictions.

Box office receipts	$ 17,500,000
Theater revenues	11,000,000
Contributions and special event receipts	800,000
Interest expense	25,000
Theater expenses	29,000,000
General and administrative expenses	2,600,000
Education and community programming expenses	980,000
Fundraising expenses	525,000
Net assets released from restrictions	3,000,000
Unrealized losses on investments	50,000
Investment income	675,000

Prepare the years statement of activities for the XYZ Center for Theater Arts, in good form. In its statement of activities, the organization displays an operating and nonoperating section and reports expenses functionally.