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				$	25,000
Accounts receivable (net)	$	46,400
Accrued interest receivable		16,700
Accumulated depreciation					3,449,300
Cash		116,300
Contributed services					27,600
Contributionsno restrictions					2,428,000
Contributionspurpose restrictions					846,000
Contributionsendowment					3,033,400
Current pledges receivable		80,300
Education program expenses		1,632,300
Fund-raising expenses		123,800
Investment revenuepurpose restrictions					92,000
Training seminars expenses		4,831,200
Land, buildings, and equipment		5,962,500
Long-term investments		2,915,400
Management and general expenses		401,600
Net assets without donor restrictions					487,400
Net assets with donor restrictions					2,040,000
Net gains on endowments - no restrictions					18,400
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		1,323,300
Short-term investments		752,500
Supplies inventory		33,600
Totals	$	19,109,100		$	19,109,100

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.