The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended December 31, 20X3.

Balances in net assets at January 1, 20X3:
Without Donor Restrictions	$	3,018,000
With Donor Restrictions		11,033,000

The following transactions occurred during the year ended December 31, 20X3:

1. Received cash donations of $508,000 from donors who did not place any time or purpose restrictions on them.
2. Received $1,003,000 of pledges from donors to be received in 20X4; it was estimated that 7 percent of the pledges would not be collected. Donors did not place any restrictions on the use of their pledges.
3. Earned investment income of $219,000 on endowment investments that donors permanently restricted for research activities.
4. Designated $235,000 of the $519,000 of cash donations received in 20X3 for computer acquisitions.
5. Spent $165,000 of the $219,000 of investment income earned on endowment investments on research during the year ended December 31, 20X3. (This amount is included in the $250,500 for research expenses shown in the following table.)
6. Acquired $113,000 of equipment from donations made in 20X2 that donors had restricted for that purchase. The governing board of United Ways reports acquisitions of capital assets as unrestricted.
7. Received donated audit services from the organizations accounting firm that would have cost $16,900.
8. Learned that the fair value of endowment investments was $611,000 higher at the end of 20X3 than at the beginning. United Ways did not acquire or sell any endowment investments during 20X3 and treats gains and losses on endowment investments as permanently restricted.
9. Incurred program and supporting services expenses during 20X3 as follows (depreciation expense for 20X3 has been properly allocated to the functional expenses):

Research	$	250,500
Public health education		101,100
Community services		150,200
Management and general (does not include the audit that was donated)		125,300
Fund-Raising		114,200

Required: Prepare a statement of activities in good form for United Ways for the year ended December 31, 20X3. (Negative values should be entered with a minus sign.)

UNITED WAYS Statement of Activities For the Year Ended December 31, 20X3 Without Donor Restrictions With Donor Restrictions Total Revenues, gains and other support: $508,000 Contributions Investment income Donated services $508,000 0 0 Net assets released from restriction 0 0 0 $ 508,000 Program use restrictions Equipment acquisitions Total revenues, gains and other support Program and supporting services expenses $ 508,000$ Research Public health education Community services Management and general Fund-raising $250,500 101,100 150,200 125,300 114,200 $ 250,500 101,100 150,200 125,300 114,200 0 S 741,300 0 $ (233,300) 0 0 $ (233,300) $ 741,300$ $ (233,300) $ lotal expenses Change in net assets Net assets, beginning of the year Net assets, end of the year $ (233,300) $