Required Information [The following informetion apples to the questions alspilyed beiow.] WVCLVE wsa incorporsted as a not-for-profit orgenization on danusry 1, 2023. During the fiacel year ended December 31 , 2023, the following trenasctions occurred. I. A business doneted rentifee office spoce to the organizstion thet would normely rent for $36,400s yeer 2. A fund drtwe ralsed $192,000 in cssh and $114,000 in pledges that will be paid next year. A state government grent of $164,000 wes recelved for progrem opersting costs releted to public health educetion. 3. So aries and fringe benefits poid during the year a mounted to $209,960. At year-end, an adaltionel $17,400 of salaries and fringe benefits were accrued. 4. A donor pledged $94,000 for construction of a new buiding, poyoble over five fiacs years, commencing in 2025 . The dizcounted vo ue of the pledge is expected to be $95,660. 5. Office equlpment wss purchssed for $13,400. The useful life of the equipment is estimated to be five yesrs. Office furniture with s fair value of $11,000 wss donsted by s locsl office supply compsny. The fumlture has an estimsted useful lie of 10 yesrs. Furniture end equipment sre considered 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 year were $9,700 and supples expense was $5,700 for the yesc At yesrend, an 1mm aterial amount of supplies remained on hend and the balance in accounts peysble was $5,000. 7. Volunteers contributed $16,400 of time to help with answering the phones, mailing materials, snd verious other clerical activities. 8. It is eatimeted that 90 percent of the pledges made for the 2024 yesr will be collected. Depreciation expense is recorded for the full yeer on the assets recorded in item 5. 9. All expenses were alloceted to program services and support services in the follawing percentages: public heslth educston, 35 percent, community service, 30 percent, mensgement and general, 25 percent, and fund-reising, 10 percent. 10. Net sssets were relessed to refiect setiafsction of state grent requlrements that the grant resources be used for public heskh educstion progrem purposes. 11. All nominal eccounts were closed to the appropriste net asset sccounts. d. Prepsre o statement of cosh flows for the yeer ended December 31, 2023. (List af cash outflows should be indicated by a minus sign. Round the Intermediate and final answers to the nearest dollor amount)
