E13-37

37. (Statement of activities for a nonprofit) The following information was excerpted from the records of a nonprofit. All account balances are as of the fiscal year ended June 30 , except for the net asset balances at the beginning of the year. Prepare a statement of activities for the nonprofit. continued from previous page Net assets with donor restrictions-Reclassiiications out- Satisfaction of program restrictions. .............................. 17,000 Net assets without donor restrictions-Reclassifications in- Satisfaction of program restriclions. ............................... 17,000 Net assets at beginning of year-without donor restrictions .80,000 Net assets at beginning of year - with donor restrictions . . ................... $180,000