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 from their work. They are currently discussing ways by which this combination can be created. The following are statements of financial position for both charities at that date. HELP & SAVE Statement of Financial Position Danuary 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $1,790,000 108,000 395,000 795,000 $3,088,000 $205,000 1.195,000 $1,400,000 25 $1,290,00 398,000 $1,688,000 $3,088,600 $690,000 248,000 265,000 685,800 $1,888,800 SWIM FOR SAFETY Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $260,00 715,000 5975.000 $515,699 398,000 $913,000 51,888.000 83'F AQI 56 O To to search RI Help Save Total liabilities and net assets $1,888.000 The buildings and equipment reported by Help & Save have a fait value of $104.000. The buildings and equipment reported by Swim For Safety have a fair value of $806,000 Required: 0. Assume Help & Save pays $119 million in cash from its net assets without donor restricto 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.) HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Goodwill Total assets Liabilities Accounts payable and accrued abilities Notes payable Total des Net Assets Net assets without donor restrictions Not assets with donor restrictions Totale assets Total liabides and not assets $ $ $ $ 0 Net 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 from their work. They are currently discussing ways by which this combination can be created. The following are statements of financial position for both charities at that date HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total abilities Net Assets Net assets without donor restrictions Net assets with donar restrictions Total net assets Total liabilities and net assets $1,790,000 108,000 395,000 795,000 $3,088, cee $205,000 1,195,000 $1,400,000 $1,290,000 398,000 $1,688,000 53.088, een SHIM FOR SAFETY Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $690,000 248,000 265,000 685,000 $1,888, eee $260, eee 715,000 $975,000 $515,000 398,000 $913,000 $1,388,000 The buildings and equipment reported by Help & Save have a fair value of $1,014,000. The buildings and equipment reported by Swim For Safety have a fair value of $806,000. b. Assume Help & Save pays $1,084.000 in cash from its net assets without donor restrictions to gain complete control over Swim For Safety. It is 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? $ 0 HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Not assets with donor restrictions Total net assets Total liabilities and not assets $ 0 O $ $ 0 c. Assume that these two organizations are combined into a new private not-for-profit entity to be known as Help-Swim-Save. A new governing body will be formed to manage and operate this new organization. What balances will appear on the statement of financial position immediately after control is gained? HELP SWIM-SAVE Statement of Financial Position January 1, 2020 Assets . Nay 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 from their work. They are currently discussing ways by which this combination can be created. The following are statements of financial position for both charities at that date. HELP & SAVE Statement of Financial Position Danuary 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $1,790,000 108,000 395,000 795,000 $3,088,000 $205,000 1.195,000 $1,400,000 25 $1,290,00 398,000 $1,688,000 $3,088,600 $690,000 248,000 265,000 685,800 $1,888,800 SWIM FOR SAFETY Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $260,00 715,000 5975.000 $515,699 398,000 $913,000 51,888.000 83'F AQI 56 O To to search RI Help Save Total liabilities and net assets $1,888.000 The buildings and equipment reported by Help & Save have a fait value of $104.000. The buildings and equipment reported by Swim For Safety have a fair value of $806,000 Required: 0. Assume Help & Save pays $119 million in cash from its net assets without donor restricto 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.) HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Goodwill Total assets Liabilities Accounts payable and accrued abilities Notes payable Total des Net Assets Net assets without donor restrictions Not assets with donor restrictions Totale assets Total liabides and not assets $ $ $ $ 0 Net 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 from their work. They are currently discussing ways by which this combination can be created. The following are statements of financial position for both charities at that date HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total abilities Net Assets Net assets without donor restrictions Net assets with donar restrictions Total net assets Total liabilities and net assets $1,790,000 108,000 395,000 795,000 $3,088, cee $205,000 1,195,000 $1,400,000 $1,290,000 398,000 $1,688,000 53.088, een SHIM FOR SAFETY Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Net assets with donor restrictions Total net assets Total liabilities and net assets $690,000 248,000 265,000 685,000 $1,888, eee $260, eee 715,000 $975,000 $515,000 398,000 $913,000 $1,388,000 The buildings and equipment reported by Help & Save have a fair value of $1,014,000. The buildings and equipment reported by Swim For Safety have a fair value of $806,000. b. Assume Help & Save pays $1,084.000 in cash from its net assets without donor restrictions to gain complete control over Swim For Safety. It is 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? $ 0 HELP & SAVE Statement of Financial Position January 1, 2020 Assets Cash Contributions receivable (net) Investments Buildings & equipment (net) Total assets Liabilities Accounts payable and accrued liabilities Notes payable Total liabilities Net Assets Net assets without donor restrictions Not assets with donor restrictions Total net assets Total liabilities and not assets $ 0 O $ $ 0 c. Assume that these two organizations are combined into a new private not-for-profit entity to be known as Help-Swim-Save. A new governing body will be formed to manage and operate this new organization. What balances will appear on the statement of financial position immediately after control is gained? HELP SWIM-SAVE Statement of Financial Position January 1, 2020 Assets . Nay