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: Trial BalanceDecember 31, 2020 Debits Credits Accounts payable $ 24,000 Accounts receivable (net) $ 47,100 Accrued interest receivable 16,700 Accumulated depreciation 3,323,400 Cash 112,100 Contributed services 26,200 Contributionsno restrictions 2,428,000 Contributionspurpose restrictions 802,000 Contributionsendowment 2,381,300 Current pledges receivable 77,000 Education program expenses 1,548,100 Fund-raising expenses 118,800 Investment revenuepurpose restrictions 88,200 Training seminars expenses 4,582,400 Land, buildings, and equipment 5,655,500 Long-term investments 2,765,200 Management and general expenses 397,600 Net assets without donor restrictions 467,000 Net assets with donor restrictions 2,036,000 Net gains on endowments - no restrictions 17,800 Noncurrent pledges receivable 390,200 Program service revenue - no restrictions 5,978,100 Post-employment benefits payable (long-term) 200,900 ReclassificationSatisfaction of program restrictions 267,400 ReclassificationSatisfaction of time restrictions 215,600 ReclassificationSatisfaction of program restrictions 267,400 ReclassificationSatisfaction of time restrictions 215,600 Research program expenses 1,278,700 Short-term investments 751,100 Supplies inventory 32,400 Totals $ 18,255,900 $ 18,255,900 Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. 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.