FYA uses the accural basis of accoutning, and the following transactions occurred during 2018:

1. FYA received pledges of gifts in the amount of $25,000 to be used as the FYA board of directors deems appropriate.

2. FYA collected $17,000 cash on the pledges received in Transaction 1.

3. FYA received a gift on Intel stock that had a fiar market value of $1300 total at the time of the gift. The donor sent FYA's president a letter with the gift, saying the stock should be used only to purchase athletic equipment for the basketball team. FYA sold the stock upon receipt.

4. FYA paid $800 cash for athletic equipment, using some of the proceeds received in transaction 3. The expense was charged to the Recreation programs account.

5. FYA spent $12,000 cash on the following: $8000 for counseling programs, $3000 on Recreation programs, and $1000 on adminsitration.

6. FYA billed the county for $6500 for cost incurred under contract.

7. A licensed social worker in the area donated 100 hours of her time to FYA. Her normal hourly rate is $50 per hour. The CEO appreciates the donation because otherwise he would have to purchase the counseling service.

8. FYA borrowed $10,000 from the local bank on an unsecured note. The whole amount will be repaid next year.

9. FYA paid the local bank $1600, of which $400 was interest.

10. FYA recorded $300 depreciation for the year.

11. FYA prepaid next year's rent of $12,000.

12. FYA determined that it will not be able to collect $1500 of pledges made in 2018.

Record these transactions. Then using the beginning balances below, produce the balance sheet, activity sheet, and cash flow statement.

Cash- $2,000

Contracts Rec- $1,000

Equipment- $2,500

Pledges Rec, Net of Allowance- $500

Unrestricted Net Assets- $6,000