The following is the preclosing trial balance for Allen University as of June 30th 2020. Additional information related to net asset and statement of cash flow is also provided.

Additional information :

Net asset releases from donor restriction totalled 455,000. The gain resulting from sales of investment was unrestricted. Twenty percent of the unrealized gained is related to the net asset restricted for programs, with the remainder related to net asset and without donor restrictions.

Additional information is as follows : A) The balance in cash and cash equivalent as of July 1st was 796,620. B) Tuition and fees receivable increased by 12,670. C) pledges receivable decrease by 1,940 D) Allowance for doubtful debt accounts was increased by 940(the bad debt was netted against tuition and fees)

E) Account payable decrease by 3,580 F) Accrued liability decreased by 1,410. G) unearned revenues increased by 7,820 H) Depreciation expenses was 37,880 I) cash of 138,000 was used to retire bonds. J) investment were sold for 2,070,000 (at gain of 71700) and other were purchased for 1,725,000 K) Net asset without donor restrictions were used to purchase equipment at cost of 45,600.

Required : Statements of activities for the year ended June 30th 2020

Prepare statements of financial positions for June 30th 2020

Prepare a statement for cash flow for the year ended June 30th 2020

June 30, 2020 Additional information related t Lit ur tasir iows is also provided ALLEN UNIVERSITY June 36, 2020 Cash and Cash Equivalents Investments Tuition and Fees Receivable Allowance for Doubtful Accounts Pledges Receivable Allowance for Doubtful Pledges Property, Plant, and Equipment Accumulated Depreciatiorn Accounts Payable Accrued Liabilities Deposits Held in Custody for Others 3,217,00 75,940 224,026 79,340 2,285,63e 661,560 48,81e Unearned Revenue 66,25e 845,00 Bonds Payable Net Assets-Without Donor Restrictio ith Donor Restrictions Net Assets Released from Restrictions-with Domor Restrictions Net Assets Released from Restrictionsrks thout Donor Restrictions Tuition and Fees 455,096 1,292,990 Tuition and Fees Discount and Allowances 312,6se 331,940 326,510 52, 880 Contributions-Without Donor Restrictions Contributions-with Donor Restrictions Grants and Contracts-with Donor Resthictions ithout Donor Restrictions Investment In 31,800 Other Revenue Auxciliary Enterprise Sales and services Unrenlized Gain on Investments 1,075,43 275,560 232, 700 256,760 Research Expense Student Services Expense Aux$11ary Enterprise Expenses Total