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		24,500
Accounts receivable (net)	47,000
Accrued interest receivable	16,200
Accumulated depreciation		3,397,300
Cash	113,900
Contributed services		26,200
Contributionsno restrictions		2,410,000
Contributionspurpose restrictions		818,000
Contributionsendowment		2,778,000
Current pledges receivable	78,600
Education program expenses	1,577,200
Fund-raising expenses	121,500
Investment revenuepurpose restrictions		90,100
Training seminars expenses	4,668,500
Land, buildings, and equipment	5,762,200
Long-term investments	2,818,300
Management and general expenses	382,400
Net assets without donor restrictions		479,800
Net assets with donor restrictions		1,999,700
Net gains on endowments - no restrictions		18,200
Noncurrent pledges receivable	379,700
Program service revenue - no restrictions		5,817,200
Post-employment benefits payable (long-term)		195,500
ReclassificationSatisfaction of program restrictions	260,100
ReclassificationSatisfaction of time restrictions	213,200
ReclassificationSatisfaction of program restrictions		260,100
ReclassificationSatisfaction of time restrictions		213,200
Research program expenses	1,305,400
Short-term investments	751,000
Supplies inventory	32,600
Totals	18,527,800	18,527,800

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.