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Help & Save is a private not-for-profit entity that operates in Kansas. Swim For Safety is a private not-for-profit entity that operates in Missouri. The

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image text in transcribed Help \& Save is a private not-for-profit entity that operates in Kansas. Swim For Safety is a private not-for-profit entity that operates in Missouri. The leaders of these two organizations have decided to combine forces on January 1,2020, in order to have a bigger impact rom their work. They are currently discussing ways by which this combination can be created. The following are statements of inancial position for both charities at that date. The buildings and equipment reported by Help \& Save have a fair value of $1,014,000. The buildings and equipment reported by Swim cor Safety have a fair value of $806,000. Required: a. Assume Help \& Save pays \$1.19 million in cash from its net assets without donor restrictions to gain complete control over Swim For Safety. If it is not assumed that Swim For Safety will be predominantly supported by contributions and investment income in the future, what balances will appear on the statement of financial position immediately after control is gained? (Enter your answers in dollars not in millions of dollars.) Answer is complete but not entirely correct

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