P19-6. The December 31, 2012, statement of financial position for the Blood Donors of America Foundation is presented below.

Statement of Financial Position

December 31, 2012

Assets

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Cash $ 470,000

Accounts Receivable 160,000

Allowance for Doubtful Accounts (30,000)

Pledges Receivable 930,000

Allowance for Doubtful Pledges (130,000)

Inventories 400,000

Investments 19,300,000

Land 1,300,000

Buildings and Improvements 46,500,000

Equipment 2,700,000

Accumulated Depreciation (13,500,000)

Other Assets 200,000

Total Assets $58,300,000

Liabilities

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Accounts Payable $ 700,000

Accrued Expenses 130,000

Deferred RevenueUnrestricted 100,000

Deferred Capital Addition 1,600,000

Long-term Debt 7,350,000

Total Liabilities 9,880,000

Fund Balances

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Plant 29,000,000

Endowment 3,850,000

Restricted 7,300,000

Unrestricted 8,270,000

Total Fund Balances 48,420,000

Total Liabilities and Fund Balances $58,300,000

Additional information concerning the statement of financial position is as follows:

1. Except for $70,000 of cash, the Endowment Fund is made up of investments only. There are no liabilities.

2. The Plant Fund has no current liabilities and includes some investments and $15,000 in cash.

3. In addition to investments, the Current Restricted Fund consists of the pledges receivable, $35,000 of accounts payable, and cash of $155,000.

Required:

Prepare a corrected statement of financial position for the Blood Donors of America Foundation at December 31, 2012, using the following columnar format:

Current Current

Unrestricted Restricted Plant Endowment Total

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(Account Titles) $ $ $ $ $