For a number of years, a private not-for-profit entity has been preparing financial statements that do not necessarily follow generally accepted accounting principles. At the end of the most recent year (Year 2), those financial statements show total assets of $900,000, total liabilities of $100,000, total unrestricted net assets of $400,000, total temporarily restricted net assets of $300,000, and total permanently restricted net assets of $100,000. In addition, total expenses for the year were $500,000 (shown in unrestricted net assets). On December 25 of Year 2, the entity above received a $40,000 cash gift. The donor specified that the entity hold the money for four months. If, at the end of four months, the donor still wished to do so, the money was to be given to the local Kidney Fund (a separate not-for-profit organization). However, during these four months, the donor could use the money for any other purpose. The reporting entity recorded the money as an increase in Cash and as contributed support within its unrestricted net assets. a. What was the correct amount of unrestricted net assets at the end of Year 2? b. What was the correct amount of total assets at the end of Year 2? a. Unrestricted net assets b. Total assets