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Community Service, Inc. is a nongovernmental not-for-profit voluntary health and welfare calendar-year organization that began operations on January 1, Year 1. It performs voluntary services

Community Service, Inc. is a nongovernmental not-for-profit voluntary health and welfare calendar-year organization that began operations on January 1, Year 1. It performs voluntary services and derives its revenue primarily from voluntary contributions from the general public. Community imposes a time restriction on all promises to contribute cash in future periods. However, no such policy exists with respect to gifts of long-lived assets. Selected transactions that occurred during Community's Year 2 calendar year:

Debt security endowment received in Year 2; income to be used for community services:

Face value

$95,000

Fair value at time of receipt

89,000

Fair value at 12/31/Year 2

86,000

Interest earned in Year 2

9,500

Interest received in Year 2

4,750
10 concerned citizens volunteered to serve meals to the homeless (400 hours free; fair market value of services $5 per hour): 2,000
Short-term investment in equity securities in Year 2:

Cost

10,000

Fair Value 12/31/Year 2

12,000

Dividend income

1,250
Reading materials donated to Community and distributed to the children in Year 2:

Fair market value

7,500

Federal youth training fee for services grant

Cash received during Year 2

30,000

Instructor salaries paid

25,000
Other cash operating expenses:

Business manager salary

55,000

General bookkeeper salary

37,800

Director of community activities salary

60,000

Space rental (75% for community activities 25% for office activities)

30,000

Printing and mailing costs for pledge cards

2,750

Interest payment on short-term bank loan in Year 2

1,250

Principal payment on short-term bank loan in Year 2

750

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Using the information provided in the exhibit, determine the amount to be reported in the financial statements for each element listed for the year ended December 31, Year 2. A B 1 Contributions - with donor restrictions 123 2 Investment income - debt securities 123 123 3 Program expenses 123 4 General fund-raising expense (excludes special events) 123 5 Income on long-term investments - without donor restrictions 123 6 Contributed voluntary services

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