mission of the organization was to provide enhanced services to youth in their cornmunity. Following are the cash receipts and navments dirinu ite firct uas af numatina. The endowment donation was received in early January 2018. Income from the endowment donation was unrestricted except that the first charge was to be to maintain the endowment balance against inflation. Inflation in the area in which the organization operated was 2.5% during 2018. The market value of the endowment investment was $505,000 at December 31,2018. At the end of December 2018, the Yourtown Youth Association had pledges receivable of 5100,000 of which they estimated they would collect $95,000. All of the pledges were for unrestricted donations. Payables at that date amounted to $18,000, of which $10,000 was for salaries and wages, $6,000 was for outreach costs and 52,000 was for office costs. OF the staff salaries and wages payable at the end of the year, 53,000 was for each of the mental health programs and teen pregnancy counselling. Yourtown Youth Association does not use fund accounting but accounts for contributions using the deferred contribution method of revenue recognition. Required: Prepare a statement of Financial Position, a statement of Operations and a Statement of Changes in Net Assets for the Yourtown Youth Association for 201 B. mission of the organization was to provide enhanced services to youth in their cornmunity. Following are the cash receipts and navments dirinu ite firct uas af numatina. The endowment donation was received in early January 2018. Income from the endowment donation was unrestricted except that the first charge was to be to maintain the endowment balance against inflation. Inflation in the area in which the organization operated was 2.5% during 2018. The market value of the endowment investment was $505,000 at December 31,2018. At the end of December 2018, the Yourtown Youth Association had pledges receivable of 5100,000 of which they estimated they would collect $95,000. All of the pledges were for unrestricted donations. Payables at that date amounted to $18,000, of which $10,000 was for salaries and wages, $6,000 was for outreach costs and 52,000 was for office costs. OF the staff salaries and wages payable at the end of the year, 53,000 was for each of the mental health programs and teen pregnancy counselling. Yourtown Youth Association does not use fund accounting but accounts for contributions using the deferred contribution method of revenue recognition. Required: Prepare a statement of Financial Position, a statement of Operations and a Statement of Changes in Net Assets for the Yourtown Youth Association for 201 B