CLASSES OF NET ASSETS The Gixser Pet rescue received the following pledges during 2020: $65,000 from Dr. RinTinTin to subsidize neutering costs $50,000 from the sisters of St. Francis parish to provide food $25,000 from the PETA to be used in the following year (2021), $70,000 from various donors with no purpose or time restrictions All of the temporarily restricted pledges were received by September 25th. 90% of the pledges with no donor restrictions are expected to be collected before December 31st. Prepare in good form the net asset section of the Statement of Financial Position (Balance Sheet) on December 31, 2020.

The Gixser Pet rescue received the following pledges during 2020: - $65,000 from Dr. RinTinTin to subsidize neutering costs - $50,000 from the sisters of St. Francis parish to provide food - $25,000 from the PETA to be used in the following year (2021), - $70,000 from various donors with no purpose or time restrictions All of the temporarily restricted pledges were received by September 25th.90% of the pledges with no donor restrictions are expected to be collected before December 31st. Prepare in good form the net asset section of the Statement of Financial Position (Balance Sheet) on December 31, 2020