From the following list of items select those items requiring recognition on the activity statement of a private not-for-profit entity (other than a hospital). Prepare an appropriate activity statement on the next page using the items you select. Make sure to use the corresponding numbers on the activity statement in column 1. There is no need to type the descriptions. Journal entries are not required. 1. $ 200,000 Gift of cash for classroom building construction. $ 50,000 Pledge of contribution for research. 3 $ 750,000 Gift of marketable securities for endowment. Income to be used for scholarships. $1,000,000 Program Fees earned. 5 $ 20,000 Endowment dividends restricted for scholarships are received. $ 75,000 Unrealized gains on endowment investments to be retained in the fund 95,000 Depreciation. $ 800,000 Operating expenses (all paid in cash). 9. $ 50,000 Awards of previous restricted gifts for scholarships - - not included in the above operating expenses. 10 20,000 Loss on disposal of equipment. 11. 10,000 Pledge of contribution if the democrats win the next presidential election. 12. $ 40,000 Donated services of program administrator. (Would have hired position) 13. $ 125,000 Receipt of construction invoices for land grading and the pouring of the foundation on the classroom building. (See #1 above) 14. $ 500,000 The board of trustees designates unrestricted resources for completion of the classroom building. 15. $ 5,000 Collection of a prior year pledge receivable restricted for use in the current year (19x1). 16. $1,700,000 Unrestricted net assets at 1/1/x1. 17 $ 175,000 Temporarily restricted net assets at 1/1/x1. 18. $2,000,000 Permanently restricted net assets at 1/1/x1.STATEMENT OF ACTIVITIES For the Year Ended December 31, 20x1 Numbered items are required in this Temporarily Unrestricted Permanently Restricted column Restricted Revenues, Contributions and Gains: (Description) Reclassifications: (Description) Expenses and Losses: (Description) Increase (decrease) in Net Assets Net Assets at beginning of Year $1,700,000 $175,000 $2,000,000 Net Assets at end of year