Required Information [The following informetion applies to the questions disployed below.] INVOLVE wsa incorporsted s: a not-for-profit argenizstion on dsnusry 1, 2023. During the fiscel yesr ended December 31 2023 , the following trensactions occurred. L A business danated rent-free office spoce to the organizstian thet would narmely rent for $36,400s yeor 2 A fund drhe rsised \$192,000 in cash snd \$114,000 in piedges that wil be psid next yesr. A state government grent of $164,000 wes recelved for progrem opersting coats releted to public hesith educetion 3. So aries and fringe benefits poid during the year amounted to $209,960. Atyesr-end, an solalionel \$17,400 af ssisries and fringe benefits were sccrued. 4. A donar pledged $m4,000 for conatruction of s new bulding, poyoble aver five fizcal yesrs, commencing in 2025 . The discounted va ue af the pledge is expected to be $95,660. 5. Office equipment was purchssed for $13,400. The useful life of the equlpment is estimsted to be five years. Office furniture with s fair vslue of $11,000 wss dansted by s locsl affice supply compsny. The fumiture has an estimsted useful life of 10 yesrz. Furnture end equipment are conalidered net easeta without donor restrictions by INVOLVE. 6. Telephone expense for the yesr wss $6,600, printing and postsge expense wss $13,400 for the yesr, utilites for the year were $9,700 and supples expense was $5,700 for the yesc At year-end, an immaterial amount of supplies remained on hend and the bsisnce in sccounts poysble was $5,000. 7. Volunteers contributed $16,400 of time to help with snawering the phonek, msiling materials, snd various 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 assets recorded in item 5. 9. All expenses were siloceted to progrsm services and support services in the follawing percentsges: public heslth educstan, 35 percent, communty service, 30 percent; mensgement and general, 25 percent ond fund-reising, 10 percent. 10. Net sasess were relessed to refiect setizistion of stste grent requlrements that the grsnt resources be used for public hesth educstion progrem purposee. 11. All nominal eccounts were closed to the sppropriate net asset sccounts. e. Prepsre a schedule af expenses by noture and function for the yeer ended December 51,2023