The following balance are provided for a college established by a group of volunteers in 2017. The balances are provided as at the end of 2019 in ($): Cash 1,500,000; accounts payable 2,700,000; long-term investments 1,200,000; allowances for uncollectible fees 100,000; fees receivables 1,800,000, uneared fees revenues $500,000, accumulated depreciation 600,000, property, plant, and equipment 2,400,000. Perm. Rest. 150,000 200,000 Unrestricted Temp. Restricted Beginning Net Assets 120,000 130,000 Contributions 600,000 4,000,000 Net Tuition Fees 5,800,000 Instruction support expense 900,000 Academic support expense 200,000 Student Service expense 600,000 State Appropriation Revenue 550,000 Research expenditure 2,000,000 Auxiliary Revenue 3,500,000 Auxiliary expense 3,600,000 Investment Income 150,000 200,000 Teaching salaries 5,200,000 Public Services 300,000 Releases to (from) 2,530,000 (2,530,000) Fire Loss 350,000 Based on above information, you are requested to prepare: 1. The Statement of Operations 2. The Statement of Changes in Net Position 3. The Statement of Net Position. 150,000 The following balance are provided for a college established by a group of volunteers in 2017. The balances are provided as at the end of 2019 in ($): Cash 1,500,000; accounts payable 2,700,000; long-term investments 1,200,000; allowances for uncollectible fees 100,000; fees receivables 1,800,000, uneared fees revenues $500,000, accumulated depreciation 600,000, property, plant, and equipment 2,400,000. Perm. Rest. 150,000 200,000 Unrestricted Temp. Restricted Beginning Net Assets 120,000 130,000 Contributions 600,000 4,000,000 Net Tuition Fees 5,800,000 Instruction support expense 900,000 Academic support expense 200,000 Student Service expense 600,000 State Appropriation Revenue 550,000 Research expenditure 2,000,000 Auxiliary Revenue 3,500,000 Auxiliary expense 3,600,000 Investment Income 150,000 200,000 Teaching salaries 5,200,000 Public Services 300,000 Releases to (from) 2,530,000 (2,530,000) Fire Loss 350,000 Based on above information, you are requested to prepare: 1. The Statement of Operations 2. The Statement of Changes in Net Position 3. The Statement of Net Position. 150,000