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Please bold answer Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling In any
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Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling In any missing amounts as needed. CENTERVILLE AREA HOMELESS SHELTER Statement of Activities For the Year Ended December 31, 2020 Net Assets Net Assets without Donor with Donor Total Restrictions Restrictions Revenues Contribution revenues $ 1,578,170 Net assets released from restrictions (28,000) 0 Total revenues 0 (28,000) 1,578,170 Expenses Temporary shelter program 1,025,000 Self-sufficiency program 382,600 Fundraising 7.600 Administration 74,740 Total expenses 0 0 1,469,940 Increase in net assets 82.000 28,230 108,230 Net assets January 1 19,500 14,250 33,750 Net assets December 31 $ 101,500 5 40,480 $ 141.980Step by Step Solution
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