PLEASE CORRECT THE AREA THAT ARE BOLD PLEASE.

The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year:

Trial BalanceDecember 31, 2020		Debits			Credits
Accounts payable				$	25,400
Accounts receivable (net)	$	47,200
Accrued interest receivable		16,700
Accumulated depreciation					3,512,200
Cash		118,400
Contributed services					26,500
Contributionsno restrictions					2,446,000
Contributionspurpose restrictions					796,000
Contributionsendowment					2,057,500
Current pledges receivable		81,800
Education program expenses		1,537,100
Fund-raising expenses		126,100
Investment revenuepurpose restrictions					93,700
Training seminars expenses		4,548,100
Land, buildings, and equipment		5,612,700
Long-term investments		2,743,400
Management and general expenses		402,600
Net assets without donor restrictions					496,400
Net assets with donor restrictions					2,041,000
Net gains on endowments - no restrictions					18,700
Noncurrent pledges receivable		390,200
Program service revenue - no restrictions					5,978,100
Post-employment benefits payable (long-term)					200,900
ReclassificationSatisfaction of program restrictions		267,400
ReclassificationSatisfaction of time restrictions		215,600
ReclassificationSatisfaction of program restrictions					267,400
ReclassificationSatisfaction of time restrictions					215,600
Research program expenses		1,282,700
Short-term investments		751,400
Supplies inventory		34,000
Totals	$	18,175,400		$	18,175,400

Prepare a Statement of Activities for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign.)

REQUIRE B

OMBUDSMAN FOUNDATION
Statement of Activities
For the Year Ended December 31, 2020
	Net Assets without Donor Restrictions	Net Assets with Donor Restrictions	Total
Revenues
Program Service Revenue	$5,978,100		$5,978,100
Contribution Revenues	2,446,000	2,057,500	4,503,500
Contributed Services	26,500		26,500
Investment Revenue		93,700	93,700
Net Gains on Endowment Investments	18,700		18,700
Net Assets Released from Restriction
Satisfaction of Time Restrictions	215,600	(215,600)	0
Satisfaction of Program Restrictions	267,400	(267,400)	0
Total Revenues	8,952,300	1,668,200	10,620,500
Expenses
Training Seminar Expenses	4,548,100		4,548,100
Education Program Expenses	1,537,100		1,537,100
Research Program Expenses	1,282,700		1,282,700
Total Program Service Expenses	7,367,900	0	7,367,900
Fund-Raising Expenses	126,100		126,100
Management and General Expenses	402,600		402,600
Total Supporting Service Expenses	528,700	0	528,700
Total Expenses	7,896,600	0	7,896,600
Increase in Net Assets	1,055,700	1,668,200	2,723,900
Net Assets January 1	496,400	2,041,000	2,537,400
Net Assets December 31	$1,552,100	$3,709,200	$5,261,300

Prepare a Statement of Financial Position as of December 31, 2020.

REQUIRE C

OMBUDSMAN FOUNDATION
Statement of Financial Position
As of December 31, 2020
Current Assets:
Cash	$118,400
Short-term Investments	751,400
Supplies Inventories	34,000
Receivables:
Accounts Receivable (net)	47,200
Pledges Receivable (net)	81,800
Accrued Interest Receivable	16,700
Total Current Assets		$1,049,500
Noncurrent Assets:
Pledges Receivable (net)	390,200
Long-term Investments	2,743,400
Land, Buildings, and Equipment (net)	2,100,500
Total Noncurrent Assets		5,234,100
Total Assets		$6,283,600
Current Liabilities:
Accounts Payable	$25,400
Total Current Liabilities		$25,400
Noncurrent Liabilities:
Post-employment Benefits Payable	200,900
Total Noncurrent Liabilities		200,900
Total Liabilities		$226,300
Net Assets:
With Donor Restrictions
Without Donor Restrictions
Total Net Assets		$0
Total Liabilities and Net Assets		$226,300