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I have no clue where to start in working this problem please help. For number of years. prlvate not-for-profit entry has been preparlng financlal statements

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I have no clue where to start in working this problem please help.

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For number of years. prlvate not-for-profit entry has been preparlng financlal statements that do not necessarlly follow generally accepted account[ng prlnclples. At the end of the most recent year (Year 2). those tinenclel statements show total assets of 32150.000, total llabll[tles of 3350.000, unrestricted net assets of Sgoo,ooo, total temporerlly restricted net assets of S5SO.OOO. end permanently restrlcted net assets of S350.OOO In addltlon, total expenses for the year were 31,000.000 (shown In unrestrlcled net assets). At the beglnnlng of Year 1, the enllty above recelved $75,000 In cash as glft the stlpulallon that the money be used to buy bus. The accountant made approprlate entry that Ilme. On the first day of Year 2. entity spent the 95.000 for the bus. on asset that vvlll lest for 20 years end vv[ll have no salvage value Because the money came from en outslde donor. entlty officlels decided a tlme restrlctlon on tine bus should be assumed for 20 years. In Year 2.11 reported 33,750 as depreclatlon expense In unrestrlcted net assets. In oddlllon. the organlzallon made S75,OOO reductlon In permanentty restrlcled net assets and S75,OOO Increase In unresmcted net assets. a. What was the correct amount of unrestrlcted net assets the end of Year 2? b. What was the correct amount of expenses for Year 2? c. What was the correct amount of temporalty restrlcled net assets at the end of Year 2? s tricted " sets rsrily

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