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The Ombudsman Foundation is a private not for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance

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The Ombudsman Foundation is a private not for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year Tember 200 Acts payable Duit Accounts receivable (net) 1 24.900 Accrued interest receivable 4100 Related depreciation 16, Cash 3.4.300 116. Contributed services Contributions-no restrictions 21.100 9,49,000 Contributions pose estrictam 6,00 Contribution- 3.999 200 Current pledges receivable 10,200 Education propose 1,6,100 Fundraising expenses 123,00 Investment revenue-purpose restrictions 1,500 Training seminars 4,131,700 Land, buildings, and out 5.964,500 Long-term investeents 2,115,500 Hangent and general wees 402,600 et sets without donor restrictions 4. Het sets with donar restrict 2.016, it can on ends no restrictions 18.00 Toncurrent plus receivable 390,200 Program service revenue no restriction 5,7,100 Post employment benefits payable long-term 200.00 teclassification-Satisfaction of pregras restrictions 267,400 classification-Satisfaction of time restrictions 215.000 Reclassification-stisfaction of progran restrictions 207430 Foclassification Satisfaction uf time restrictions 215.000 Research program expenses 1,2,300 Short-term lowestents 753.000 Supplies inventory 33.480 $19.121,200 $19,121,200 a. Prepare closing entries for the year-end, using separate entries for each net onset lissilication b. Prepare a statement of Activities for the year ended December 31, 2020 c. Prepare a statement of Financial Position as of December 31, 2020 Complete this question by entering your answers in the tabs below Required A Hequired Required Prepare closing entries for the year-end, using separate entries for each net asset classification (i no tired for transaction/event, select "No Journal Entry Road in the starcount fuld View transaction ist Journal entry worksheet

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