Exercise 1 The following information was taken from the accounts and records of the Astronomy Foundation, a private, not-for-profit organization. All balances are as of December 31, 2005, unless otherwise noted. Unrestricted Support - Contributions... Unrestricted Support - Membership Dues. Unrestricted Revenues - Investment Income. Temporarily restricted gain on sale of investments. Expenses Research. Expenses Fund Raising. Expenses Management and General.. Restricted Support - Contributions. Restricted Revenues - Investment Income Permanently Restricted Support - Contributions... Unrestricted Net Assets, January 1, 2005... Temporarily Restricted Net Assets, January 1, 2005. Permanently Restricted Net Assets, January 1, 2005.. $5,000,000 600,000 96,000 9,000 3,200,000 700,000 300,000 600,000 50,000 60,000 500,000 6,000,000 50,000 The unrestricted support from contributions was received in cash during the year. The expenses included $1,300,000 payable from donor -restricted resources. Required: Prepare Astronomy's statement of activities for the year ended December 31, 2005