Kingbird Library, a nonprofit organization, presented the following statement of financial position and statement of activities for its fiscal year ended February 28, 2024. Kingbird Library Statement of Financial Position February 28, 2024 Assets Current Assets Cash Grants Receivable Prepaid Expenses Total Unrestricted Temporarily Restricted $ 301,000 $75,000 84,000 70,000 455,000 1,016,000 Investments (at market) Land, Building, and Equipment (less accumulated depreciation of $59,589) 522,000 Total Assets $1,993,000 $75,000 Liabilities and Fund Balances Current Liabilities Accounts Payable and Accrued Expenses $165,000 Total 165,000 Long-Term Debt 189,000