Preparation of financial statements for a nonprofit.

Following are the preclosing fund trial balances as of December 31, for Olivers Place, a nonprofit.

Prepare a statement of activities for the year ended December 31; also, prepare a statement of financial position as of December 31.

Oliver's Place Preclosing Trial Balances Dec 31 Unrestricted Currentin satisfaction Fund Debit Credit Cash$ 13,200.00 Contribution receivables$ 24,000.00 Investments$ 26,400.00 Allowance for Uncollectible contributions $ 6,000.00 Contribution revenue-Support without donor restrictions $ 138,000.00 Contributed Services-Support without donor restrictions $ 12,000.00 Investment income, without donor restrictions $ 1,200.00 Unrealized investment gains, without donor restrictions $ 2,400.00 Net asset without donor restrictions-Reclassification in-satisfaction of program restrictions $ 3,600.00 Care of animal expenses$ 60,000.00 Special program expenses$ 3,600.00 Administrative expenses$ 36,000.00 Combined total $ 163,200.00 $ 163,200.00 Restricted Current FundDebit Credit Cash$ 16,800.00 Contribution Revenue-Support with donor restrictions $ 20,400.00 Net Asset with donor restrictions-Reclassification out-satisfaction of program restrictions$ 3,600.00 $ 20,400.00 $ 20,400.00 Endowment FundDebit Credit Investment$ 56,400.00 Contribution revenue-Support with donor restrictions $ 60,000.00 Unrealized investment losses, with donor restrictions$ 3,600.00 Combined total $ 60,000.00 $ 60,000.00