Preparation of not$-$for$-$profit journal entries and fiWings is a not$-$for$-$profit organization dedicated to the promotion of flying in youths. It owns a number of airplanes at various airports which it uses to provide introductory flights in order to encourage young adults to pursue flight training lessons and possible careers as commercial airline pilots. At the end of last year, Wings reported the following trial balance:

REQUIRED:

a$.$ Prepare journal entries for the organization$$s financial activities during the year.

b$.$ Prepare the year$-$end statement of activities and statement of financial position.

Please answer both parts to recieve a like. Thank you in advance