Simulation Question (30 points) Following are the pre-closing trial balance of East Bay Senior Citizens Center as of 12/31/2019. Without Donor With Donor Restrictions Restrictions Debit Credit Debit Credit Cash $3,300 $1,600 Pledges receivable $1,000 S500 Allowance for uncollectible pledges 3200 Investments Accrued interest receivable S100 Net assets, January 1, 2019 $6,700 $2,000 Contributions $1,200 $500 Membership dues $1,300 Program service fees $3,200 Grant from county $2,000 Grant from State $3,500 Unrealized & realized gains on investment S200 Investment income $100 Luncheon program expenses $8,000 Recreation program expenses $3,000 Administration expenses $300 Net assets with donor restrictions -reclassification out- satisfaction of program restrictions Net assets without donor restrictions -reclassification in-satisfaction of program restrictions $18,900 $18,900 $2,500 $2,500 Prepare a statement of financial position and a statement of activities at and for the year ended December 31, 2019. Please write your answer in the paper sheets provided. 1 Simulation Question (30 points) Following are the pre-closing trial balance of East Bay Senior Citizens Center as of 12/31/2019. Without Donor With Donor Restrictions Restrictions Debit Credit Debit Credit Cash $3,300 $1,600 Pledges receivable $1,000 S500 Allowance for uncollectible pledges 3200 Investments Accrued interest receivable S100 Net assets, January 1, 2019 $6,700 $2,000 Contributions $1,200 $500 Membership dues $1,300 Program service fees $3,200 Grant from county $2,000 Grant from State $3,500 Unrealized & realized gains on investment S200 Investment income $100 Luncheon program expenses $8,000 Recreation program expenses $3,000 Administration expenses $300 Net assets with donor restrictions -reclassification out- satisfaction of program restrictions Net assets without donor restrictions -reclassification in-satisfaction of program restrictions $18,900 $18,900 $2,500 $2,500 Prepare a statement of financial position and a statement of activities at and for the year ended December 31, 2019. Please write your answer in the paper sheets provided. 1