For purposes of external reporting, not$-$for$-$profits$-$unlike governments in their governmental funds$-$do nat distinguish between

plant and other types of resources. In $20$X$0,$ the Northwest Ballet Association $($NBA$),$ a not$-$for$-$profit performing arts organization,

undertook a major capital campaign to fund a new theater, expected to cost $$10$ million. It was quickly able to raise $$6$ million, all of

which was donor restricted. It borrowed the balance, issuing a $5-$year, $8-$percent term note for $$4$ million. During the year, the NBA

broke ground on the project and incurred construction costs of $$3\mathrm{.}4$ millian. It earned $$0\mathrm{.}52$ milin in interest on investments. It

incurred and paid $$0\mathrm{.}32$ million in interest on the note. In addition, as required by the note, it placed $$0\mathrm{.}7$ million in a reserve fund $($s$)$

specially dedicated bank account$)$ for the repayment of the debt.

$($a$1)$

To show how these transactions would be reflected on the NBA's financial statements, prepare a December $31,20$x$0,$ statement

of activities. Assume that these were the only transactions in which the organization engaged and that all available cash, ewcept

that in the reserve fund, had been imvested in short$-$term marbetable securities$.($Do not leave any answer field blank. Enter $0$ for

amounts. Enter negative amounts using either a negative sign preceding the number eg$.-45$ ar parentheses eg$.(45).$ Enter amounts in

millions rounded to $2$ decimal places, es$.15\mathrm{.}25.$

To show how these transactions would be reflected on the NBA's financial statements, prepare a December $31,20$X$0,$ statement

of financial position. Assume that these were the only transactions in which the organization engaged and that all available cash,

except that in the reserve fund, had been invested in short$-$term marketable securities$.($Enter amounts in millians rounded to $2$

decimal places, eg$.15\mathrm{.}25$