Prepare a statement of activities

VII. During 2020, the organization has the following transactions: 1. Received unrestricted cash donations of $210,000. 2. Received restricted cash gifts of $50,000, used only for salaries of activity #2. 3. Paid wages of $80,000 with $20,000 of that amount coming from restricted funds (activities #2) 4. Bought equipment for $300,000 (FMV) with a long-term note signed for $250,000 and the remainder was donated by the seller. This equipment is 80% is used in Program #1 and 20% to Program #2. 5. Of this equipment, 80 percent is used in activity #1, 20 percent activity #2. 6. Received $100,000 from a donor that requests that the principal must never be used, but any income derive may be used at the organization's discretion. 7. Received investment income of $1,000 generated by the permanently restricted net assets. 8. Paid advertising of $2,000. 7. Received investment income of $1,000 generated by the permanently restricted net assets. 8. Paid advertising of $2,000. 9. Received an unrestricted pledge of $100,000 that will be collected in three years. The organization expects to collect the entire amount. 10. Computed depreciation on the equipment acquired as $20,000. 11. Spent $3,000 on office supplies (activity #1) that are utilized during the year. 12. Paid $35,000 for rent for the year activity #1 13. Paid $15,000 for rent for the year activity #2 14. Received a donated painting that qualifies as a museum piece. It has a fair value of $8,000. a VII. During 2020, the organization has the following transactions: 1. Received unrestricted cash donations of $210,000. 2. Received restricted cash gifts of $50,000, used only for salaries of activity #2. 3. Paid wages of $80,000 with $20,000 of that amount coming from restricted funds (activities #2) 4. Bought equipment for $300,000 (FMV) with a long-term note signed for $250,000 and the remainder was donated by the seller. This equipment is 80% is used in Program #1 and 20% to Program #2. 5. Of this equipment, 80 percent is used in activity #1, 20 percent activity #2. 6. Received $100,000 from a donor that requests that the principal must never be used, but any income derive may be used at the organization's discretion. 7. Received investment income of $1,000 generated by the permanently restricted net assets. 8. Paid advertising of $2,000. 7. Received investment income of $1,000 generated by the permanently restricted net assets. 8. Paid advertising of $2,000. 9. Received an unrestricted pledge of $100,000 that will be collected in three years. The organization expects to collect the entire amount. 10. Computed depreciation on the equipment acquired as $20,000. 11. Spent $3,000 on office supplies (activity #1) that are utilized during the year. 12. Paid $35,000 for rent for the year activity #1 13. Paid $15,000 for rent for the year activity #2 14. Received a donated painting that qualifies as a museum piece. It has a fair value of $8,000. a