Following is financial data for the Center for Music and Health Studies, a not-for profit organization investigating the benefits of music in the treatment of illness. Given this information, prepare the statement of activities and the statement of financial position.

	Without Donor Restrictions	With Donor Restrictions
Supportcontributions	$1,643,560	$603,120
Revenuesinvestment	73,280	75,000
Net assets, beginning of year	1,348,960	1,453,920

Long-term liabilities	$553,520
Contributions receivable	495,440
Expensessupport	353,160
Net assets released from restriction	135,120
Cash	379,240
Payables	331,160
Expensesprogram	1,463,560
Investments	393,840
Depreciation expense (of which 80% relates to program expenses and 20% relates to support expenses)	67,800
Property, plant and equipment, net	2,929,480

Instructions:

• Round answers to the nearest whole number, when applicable.
• Use a negative sign to indicate a decrease in net assets or the release of net assets for restriction.

Statement of Activities
	Without Donor Restrictions	With Donor Restrictions	Total
Supportcontributions	Answer	Answer	Answer
Revenuesinvestment	Answer	Answer	Answer
AnswerChange in fund balanceChange in net assetsChange in net positionNet assets released from restrictionsSatisfaction of program restrictions	Answer	Answer	Answer
Total support and revenue	Answer	Answer	Answer
Expenses program	Answer	Answer	Answer
Expenses support	Answer	Answer	Answer
Total expenses	Answer	Answer	Answer
AnswerChange in fund balanceChange in net assetsChange in net positionNet assets released from restrictionsSatisfaction of program restrictions	Answer	Answer	Answer
Net assets beginning of year	Answer	Answer	Answer
Net assets end of year	Answer	Answer	Answer

Statement of Financial Position
Cash	Answer
Investments	Answer
Contributions receivable	Answer
Total current assets	Answer
Property plant and equipment net	Answer
Total assets	Answer
Payables	Answer
Total current liabilities	Answer
Long-term Liabilities	Answer
Total liabilities	Answer
Net assetswithout donor restrictions	Answer
Net assetswith donor restrictions	Answer
Total net assets	Answer
Total liabilities and net assets	Answer