Following are the adjusted current funds trial balances of Community Association for Children with Disabilities, a voluntary health and welfare organization, on June 30, 20X4: COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Adjusted Current Funds Trial Balances June 30, 20X4 Without Donor With Donor Restrictions Restrictions Debit Credit Debit Credit Cash $ 40,000 $ 9,000 Bequest Receivable 5,000 Pledges Receivable 12,000 Accrued Interest Receivable 1,000 Investments (at market) 100,000 Accounts Payable & Accrued Expenses $ 50,000 $ 1,000 Deferred Revenue 2,000 Allowance for Uncollectible Pledges 3,000 Fund Balances, July 1, 20x3: Designated 12,000 Undesignated 26,000 With Donor Restrictions 23,000 Transfers of Expired Endowment Fund Principal 20,000 20,000 Contributions 300,000 15,000 Membership Dues 25,000 Program Service Fees 30,000 Investment Income 10,000 Deaf Children's Program Expenses 120,000 Blind Children's Program Expenses 150,000 Management and General Services 45,000 4,000 Fund-raising Services 8,000 1,000 Provision for Uncollectible Pledges 2,000 Total $ 478,000 $ 478,000 $ 39,000 $ 39,000 a. Prepare a statement of activities for the year ended June 30, 20X4. (Amounts to be deducted should be indicated by a minus sign.) COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Activities Year Ended June 30, 20X4 Without Donor With Donor Restrictions Restrictions Public support and revenue: Public support: Revenue: Net assets released from: $ 0 $ 0 Total support and revenue Expenses: Program services: 0 0 Total program services Supporting services 0 0 Total supporting services Total expenses 0 0 $ 0 $ 0 Fund balances, July 1, 20X3 Fund balances, June 30, 20X4 $ $ 0 $ 0 b. Prepare a statement of financial position as of June 30, 20X4. COMMUNITY ASSOCIATION FOR CHILDREN WITH DISABILITIES Statement of Financial Position June 30, 20X4 Assets Total assets $ Liabilities $ 0 Total liabilities Net assets: Total net assets 0 Total liabilities and net assets $ 0