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				$	23,700
Accounts receivable (net)	$	47,600
Accrued interest receivable		16,700
Accumulated depreciation					3,270,500
Cash		111,000
Contributed services					26,700
Contributionsno restrictions					2,492,000
Contributionspurpose restrictions					802,000
Contributionsendowment					2,392,700
Current pledges receivable		76,000
Education program expenses		1,549,100
Fund-raising expenses		117,000
Investment revenuepurpose restrictions					87,000
Training seminars expenses		4,584,400
Land, buildings, and equipment		5,657,500
Long-term investments		2,765,300
Management and general expenses		403,600
Net assets without donor restrictions					448,000
Net assets with donor restrictions					2,042,000
Net gains on endowments - no restrictions					17,500
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		751,600
Supplies inventory		32,400
Totals	$	18,264,100		$	18,264,100

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.