Required information Philanthropy Inc. (Philanthropy) is a not-for-profit organization that was formed on January 1, 2023. Philanthropy has a December 31 year end. It has an accounting policy of capitalizing and amortizing its capital assets. On April 1, 2023, Philanthropy purchased equipment costing $8,000. The equipment is estimated to have a useful life of 4 years, with no residual value at that time. This transaction was the only transaction that took place to date. Philanthropy uses the restricted fund method to account for its contributions. It has set up a general fund, a capital fund, and an endowment fund. The capital fund is used to account for restricted funds raised for building and equipment. The capital fund also records the capitalization of all buildings and equipment and the amortization taken. The equipment was purchased from a restricted fund contribution of $8,400. Which of the following is an appropriate way to categorize the fund balance for the capital fund? Multiple Choice Externally restricted funds and fund balance invested in capital assets. Fund balance Invested in capital assets. Externally and internally restricted funds. Unrestricted funds