The Ombudsman Foundation Is a private not$-$for$-$profit organization providing traIning In dispute resolution and

conflict management. The Foundation had the following preclosing trlal balance at December $31,2020,$ the end of

Its fiscal year:

Requlred:

a$.$ Prepare closing entrles for the year$-$end, using separate entrles for each net asset classification.

b$.$ Prepare a Statement of Actlvitles for the year ended December $31,2020.$

c$.$ Prepare a Statement of Financial Position as of December $31,2020.$