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				$	24,100
Accounts receivable (net)	$	48,000
Accrued interest receivable		16,700
Accumulated depreciation					3,333,400
Cash		113,100
Contributed services					27,200
Contributionsno restrictions					2,410,000
Contributionspurpose restrictions					818,000
Contributionsendowment					2,687,600
Current pledges receivable		77,500
Education program expenses		1,579,200
Fund-raising expenses		119,300
Investment revenuepurpose restrictions					88,700
Training seminars expenses		4,672,500
Land, buildings, and equipment		5,766,200
Long-term investments		2,818,500
Management and general expenses		404,600
Net assets without donor restrictions					467,000
Net assets with donor restrictions					2,043,000
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		1,305,400
Short-term investments		752,000
Supplies inventory		32,600
Totals	$	18,578,800		$	18,578,800

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.