The Kare Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017 is attached in images #1 and #2.

1. Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, 40 percent; professional training, 20 percent; community service, 10 percent; management and general, 20 percent; and fund-raising, 10 percent. Occupancy and utility, supplies, printing and publishing, and telephone and postage expense were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five functional expense categories.

2 .The organization had $165,314 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $310,800 that was unrestricted and $38,100 that was restricted for the purchase of equipment for the center. It had $9,200 of income earned and received on long-term investments. The center spent cash of $288,410 on salaries and fringe benefits, $22,000 on the purchase of equipment for the center, and $86,504 for operating expenses. Other pertinent information follows: net pledges receivable increased $6,000, inventory increased $1,000, accounts payable decreased $102,594, and there were no salaries payable at the beginning of the year.

a. How do I prepare a statement of financial position as of June 30, 2017?

b. How do I prepare a statement of functional expenses for the year ended June 30, 2017?

c. How do I prepare a statement of activities for the year ended June 30, 2017?(Negative amounts should be indicated by a minus sign.)

d. How do I prepare a statement of cash flows for the year ended June 30, 2017?

lial. 13-24 Prepare Financial Statements. The Kare Counseling Center was incorpo rated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2017, follows. Debits Credits Cash $126,500 Pledges Receivable-Unrestricted 41,000 Estimated Uncollectible Pledges $ 4,100 Inventory 2,800 Investments 178,000 Furniture and Equipment 210,000 Accumulated Depreciation-Furniture and Equipment 120,000 Accounts Payable 20,520 Unrestricted Net Assets 196,500 Temporarily Restricted Net Assets 50,500 Permanently Restricted Net Assets 140,000 Contributions-Unrestricted 348,820 ContinuedAccounting and Financial Reporting for Not-for-Profit Organizations and the Fedel Credits Debits 38, 100 9,200 Contributions-Temporarily Restricted Investment Income-Unrestricted Net Assets Released from Restrictions- 22,000 Temporarily Restricted 22,000 Net Assets Released from Restrictions- Unrestricted 288,410 Salaries and Fringe Benefit Expense 38,400 Occupancy and Utility Expense 6,940 Supplies Expense 4, 190 Printing and Publishing Expense 3,500 Telephone and Postage Expense 2,000 Unrealized Gain on Investments 30,000 Depreciation Expense $951,740 $951,740 Totals 1. Salaries and fringe benefits were allocated to program services and support- ing services in the following percentages: counseling services, 40 percent; professional training, 20 percent; community service, 10 percent; manage- ment and general, 20 percent; and fund-raising, 10 percent. Occupancy and utility, supplies, printing and publishing, and telephone and postage expense were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five func- tional expense categories. 2. The organization had $165,314 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $310,800 that was unrestricted and $38, 100 that was restricted for the purchase of equip- ment for the center. It had $9,200 of income earned and received on long- term investments. The center spent cash of $288,410 on salaries and fringe benefits, $22,000 on the purchase of equipment for the center, and $86,504 for operating expenses. Other pertinent information follows: net pledges receivable increased $6,000, inventory increased $1,000, accounts payable the year. decreased $102,594, and there were no salaries payable at the beginning of Required format in Illustration 13-6. a. Prepare a statement of financial position as of June 30, 2017, following the b. Prepare a statement of functional expenses for the year ended June 30, 2017, following the format in Illustration 13-9. the format in Illustration 13-7. c. Prepare a statement of activities for the year ended June 30, 2017, following the format in Illustration 13-8. d. Prepare a statement of cash flows for the year ended June 30, 2017, following