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				$	24,700
Accounts receivable (net)	$	47,400
Accrued interest receivable		16,300
Accumulated depreciation					3,418,300
Cash		114,600
Contributed services					26,400
Contributionsno restrictions					2,428,000
Contributionspurpose restrictions					824,000
Contributionsendowment					2,798,000
Current pledges receivable		79,200
Education program expenses		1,589,200
Fund-raising expenses		122,400
Investment revenuepurpose restrictions					90,800
Training seminars expenses		4,704,800
Land, buildings, and equipment		5,807,000
Long-term investments		2,840,200
Management and general expenses		385,400
Net assets without donor restrictions					483,600
Net assets with donor restrictions					2,015,600
Net gains on endowments - no restrictions					18,300
Noncurrent pledges receivable		381,800
Program service revenue - no restrictions					5,849,400
Post-employment benefits payable (long-term)					196,600
ReclassificationSatisfaction of program restrictions		261,600
ReclassificationSatisfaction of time restrictions		214,400
ReclassificationSatisfaction of program restrictions					261,600
ReclassificationSatisfaction of time restrictions					214,400
Research program expenses		1,301,200
Short-term investments		751,200
Supplies inventory		33,000
Totals	$	18,649,700		$	18,649,700

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.