[The following information applies to the questions displayed below.] The following is the preclosing trial balance for Allen University as of June 30, 2023. Additional information related to net acsetc and the ctatement of cach flows is alsn nrovided Additional Information Net assets released from donor restrictions totaled $458,400. The gain resulting from sale of investments was Additional Information Net assets released from donor restrictions totaled $458,400. The gain resulting from sale of investments was unrestricted. Thirty percent of the unrealized gain is related to net assets restricted for programs, with the remainder related to net assets without donor restrictions. Additional information is as follows: - The balance in cash and cash equivalents as of July 1,2022 , was $907,460. - Tuition and Fees Receivable increased by $13,030. - Pledges Receivable decreased by $1,990. - Allowance for Doubtful Accounts was increased by $960 (the bad debt increased Institutional Support Expense). - Accounts Payable decreased by $3,660. - Accrued Liabilities decreased by $1,450. - Deferred Revenue increased by $8,040. - Depreciation Expense was $38,940. - Cash of $143,000 was used to retire bonds. - Investments were sold for $2,145,000 (at a gain of $71,700 ) and others were purchased for $1,787,500. - Net assets without donor restrictions were used to purchase equipment at a cost of $47,300. Exercise 15-22 (Algo) Part a Required a. Prepare a statement of activities for the year ended June 30, 2023. (Amounts to be deducted should be indicated with a minus sign.) [The following information applies to the questions displayed below.] The following is the preclosing trial balance for Allen University as of June 30, 2023. Additional information related to net acsetc and the ctatement of cach flows is alsn nrovided Additional Information Net assets released from donor restrictions totaled $458,400. The gain resulting from sale of investments was Additional Information Net assets released from donor restrictions totaled $458,400. The gain resulting from sale of investments was unrestricted. Thirty percent of the unrealized gain is related to net assets restricted for programs, with the remainder related to net assets without donor restrictions. Additional information is as follows: - The balance in cash and cash equivalents as of July 1,2022 , was $907,460. - Tuition and Fees Receivable increased by $13,030. - Pledges Receivable decreased by $1,990. - Allowance for Doubtful Accounts was increased by $960 (the bad debt increased Institutional Support Expense). - Accounts Payable decreased by $3,660. - Accrued Liabilities decreased by $1,450. - Deferred Revenue increased by $8,040. - Depreciation Expense was $38,940. - Cash of $143,000 was used to retire bonds. - Investments were sold for $2,145,000 (at a gain of $71,700 ) and others were purchased for $1,787,500. - Net assets without donor restrictions were used to purchase equipment at a cost of $47,300. Exercise 15-22 (Algo) Part a Required a. Prepare a statement of activities for the year ended June 30, 2023. (Amounts to be deducted should be indicated with a minus sign.)