The adjusted trial balance of Nonprofit Trade Association, which does not use fund accounting, for June 30, 2017 was as follows:

NONPROFIT TRADE ASSOCIATION

Adjusted Trial balance

June 30, 2017

Debit Credit

Cash P 7,000

Short-term investments 217,000

Accounts receivable 28,000

Allowance for doubtful accounts P 3,000

Publications inventory 61,000

Long-term investments 120,000

Plant assets 55,000

Accumulated depreciation of plant assets 22,000

Other assets 28,000

Accounts payable 36,000

Accrued liabilities 12,000

Deferred membership dues 131,000

Fund balance, July 1, 2017 285,000

Membership dues 184,000

Conferences and meetings revenue 321,000

Publication and advertising sales 143,000

Special assessments revenue 50,000

Investment income, including net gains 11,000

Member services expense 56,000

Conferences and meetings expense 166,000

Technical services expense 218,000

Communications expense 61,000

General administration expenses 154,000

Membership development expense 27,000

Balance P1,198,000 P1,198,000

Create a statement of activities and a statement of financial position for Nonprofit Trade Association for the year ended June 30, 2017.

Note: Here's the given in photo format in case the indention of text goes wrong.

Debit Credit Cash P 7,000 Short-term investments 217,000 Accounts receivable 28,000 Allowance for doubtful accounts P 3,000 Publications inventory 61,000 Long-term investments 120,000 Plant assets 55,000 Accumulated depreciation of plant assets 22.000 Other assets 28,000 Accounts payable 36,000 Accrued liabilities 12,000 Deferred membership dues 131,000 Fund balance, July 1, 2017 285,000 Membership dues 184,000 Conferences and meetings revenue 321,000 Publication and advertising sales 143,000 Special assessments revenue 50,000 Investment income, including net gains 11,000 Member services expense 56,000 Conferences and meetings expense 166,000 Technical services expense 218,000 Communications expense 61,000 General administration expenses 154,000 Membership development expense 27,000 Balance P1.198,000 P1.198,000