Required Information [The following infometion apples to the questions alsplayed below.] INVOLVE wes incorporated es a not-far-prafit argenization on dsnusry 1, 2023. During the fizcel yesr ended Desember 31 , 2023 , the following trensactions occurred. L. A business doneted rent-inee office spoce to the organizstian thet would narmely rent for $36,400s yeer 2. A, fund drve rsised \$192,000 in cash and \$114,000 in pledges that wil be psid next yesr. A state government grent of $164,000 wes recelved for program opersting coats releted to public heslth educetion 3. So aries and fringe benefits poid during the yesr amounted to \$209,960. At year-end, an solalionel \$17,400 of ssisries and fringe benefits were scerued. 4. A danar pledged $74,000 for conatruction af a new bulding, poyoble over five fizcal yearz, commencing in 2025 . The digcounted vs ue af the pledge is expected to be $95,660. 5. Office equipment was purchased for $13,400. The useful life of the equlpment is estimsted to be five years. Office furniture with a fair vslue of $11,000 was dansted by s locsl affice supply company. The fumiture has an estimated useful life of 10 yesrs. Furnture end equipment sre conalidered net easeta without donor restrictions by INVOLVE. 6. Telephone expense for the yesr wss $6,600, printing and postage expense was $13,400 for the yesr, utilites for the yesr were $9,700 and supples expense was $5,700 far the yesc A year-end, an immaterisl emount of supples remained on hend and the bsisnce in accounts poysble was $5,000. 7. Volunteers contributed $16,400 of time to help with snawering the phones, mailing materials, snd verious other clerical sctivities. 8. It is estimated that 90 percent of the pledges made for the 2024 year will be colected. Depreciation expense is recorded for the full year on the sasets recorded in item 5. 9. All expenses were siloceted to progrsm services and support services in the follawing percentsges: public heslth educstion, 35 percent, communty service, 30 percent; mensgement and general, 25 percent and fund-reising, 10 percent. 10. Net sasess were relessed to refilect satianstion of stste grent requlrements thst the grsnt resources be used for public heslth ecucstion progrem purposee. 11. All nominal eccounts were closed to the sppropriste net saset sccounts. b. Prepsre o ststement af sctivities for the year ended December 31, 2023. (Amounts to be deducted should be indicated with a minus sign. Round the Intermed ate and final answers to the nearest dollar amount.)