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Quiz I: Non-Profit College The following balance are provided for a college established by a group of volunteers in 2015. The balances are provided as
Quiz I: Non-Profit College The following balance are provided for a college established by a group of volunteers in 2015. The balances are provided as at the end of 2019 in ($). Unrestricted 300,000 800,000 Temp. Restricted 100,000 400,000 Perm. Rest. 900,000 300,000 2.800.000 500.000 2,000,000 1,000,000 2,000,000 800,000 200,000 100.000 Beginning Net Assets Cash Plant Assets Contributions Net Tuition Fees Instruction support expense Accumulated Depreciation Academic support expense Student Service expense Fees Recesvable Accounts Payable State Appropriation Revenue Research expenditure Auxiliary Revenue Allowance for uncollectible Fees Auxiliary expense Uneamed Revenues Long Term Investment Investment Income Teaching, salaries Public Services Releases to (from Loss on Sale of Land 200,000 1,000,000 2,200,000 1,000,000 1.200,000 2.000.000 2,000,000 200.000 2.500.000 400.000 500.000 1,000,000 400.000 300,000 1.500.000 500,000 5.000.000 300.000 1.500.000 500.000 (1 500,000) Based on above information, you are requested to prepare: 1. The Statement of Operations 2. The Statement of Changes in Net Position 3. The Statement of Net Position
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