Q/ I need a 2-column schedule Net Assets: Without donor restriction and Net Assets: With donor restriction

show how each of the following transactions would affect the organization's two categories of Net assets. Show any reclassification necessary. Number each entry on your schedule to match the numbering below and provide a final total.

At the beginning of the year, Southern Valley Health Services, a health and welfare not for-profit entity, had the following Net Assets balances: Net Assets: Without donor restriction $2,090,000 With donor restriction $660,000

1. Received cash gifts without donor restriction of $295,000. 2. Paid salaries of $30,000 with $5,000 of that amount coming from restricted funds. 3. Equipment is bought for $105,000 by signing a long-term note for $65,000 and using funds subject to donor restriction for the remainder. 4. Received a contribution without donor restriction of $92,000. It is expected that the entire amount will be collected in three years. Present value is $74,000. 5. Received a cash gift of $14,000 that must be conveyed to another charity. However, the board has the right to choose which other charity ultimately receives the donation. 6. Depreciation of $33,000 on the entity's equipment is recorded. 7. Interest of $50 and principal of $2,000 is paid on the note previously signed when the equipment was purchased. 8. A donor gives an investment worth $180,000 that must be kept invested forever, but any interest or dividends can be used for any legitimate purpose of the entity. 9. Collected membership dues of $25,000. The members receive a reasonable amount of value in exchange for these dues including a monthly newsletter describing research activities. 10. Investment income of $1,300 is generated from the investment received in item (8) above