The following information belong to ABC Nonprofit Organization: Statement of Financial Position (ending 31 March 2019) 50,000 Current liabilities Current assets 40,000 Noncurrent assets 185,000 Net Assets Unrestricted Temporary Rest Permanently Rest 150,000 20,000 25,000 Total assets 235,000 Total liabilities & net assets 235,000 Trial Balance (from 1 April 2019 - 31 March 2020) Dr. Cr. 80,000 74,500 10,000 12,000 25,000 Contributions temporarily restricted Contributions - unrestricted Membership dues - unrestricted Program fees - unrestricted Fundraising events temporarily restricted Grants- unrestricted Investments (government bonds) Investment income - temporarily restricted (10%) Gain on sale of investments temporarily restricted Program expenses - unrestricted Management and general expenses - unrestricted Statistical discrepancy Fundraising expenses - temporarily restricted 2,000 65,000 6,500 1,000 121,000 32,000 23,000 100,000 276,000 286,000 Note : a. Fundraising expenses include 30 % from contributions, 30 % from fundraising events, and the remaining from the investment income. b. Depreciation expense on the noncurrent assets is at 15 % pa. Q1. Prepare statement of activities and statement of financial position ending 31 March 2020