The following gifts are received in...

The following gifts are received in 2016 by a not-for-profit entity:

$2,000 specified by the donor to be used to pay salaries.

$10,000 specified by the donor for new conference room furniture.

$5,000 specified by the donor to be held for one year before being expended.

a. With respect to the donations received in 2016, what total amount should be recorded as an increase to Temporarily Restricted Net Assets?

b. With respect to the donations received in 2016, what amount should be reported in the Statement of Activities as net increase to Temporarily Restricted Net Assets for the year 2016?

c. What amount should be reclassified on the Statement of Activities for 2017 from the Temporarily Restricted column to the Unrestricted column?