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	$2,465,340	$904,680
Revenuesinvestment	109,920	112,500
Net assets, beginning of year	2,023,440	2,180,880

Long-term liabilities	$830,280
Contributions receivable	743,160
Expensessupport	529,740
Net assets released from restriction	202,680
Cash	568,860
Payables	496,740
Expensesprogram	2,195,340
Investments	590,760
Depreciation expense (of which 80% relates to program expenses and 20% relates to support expenses)	101,700
Property, plant and equipment, net	4,394,220

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.
• Show calculations

Statement of Activities
	Without Donor Restrictions	With Donor Restrictions	Total
Supportcontributions	Answer	Answer	Answer
Revenuesinvestment	Answer	Answer	Answer
Net assets released from 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
Change in net assets	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