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, 2017, the end of its fiscal year:

Trial BalanceDecember 31, 2017		Debits			Credits
Accounts payable				$	23,500
Accounts receivable (net)	$	45,000
Accrued interest receivable		15,500
Accumulated depreciation					3,250,500
Cash		109,000
Contributed servicesunrestricted					25,000
Contributionsunrestricted					2,300,000
Contributionstemporarily restricted					780,000
Contributionspermanently restricted					2,650,000
Current pledges receivable (net)		75,000
Education program expenses		1,505,000
Fund-raising expense		116,000
Grant revenuetemporarily restricted					86,000
Training seminar expenses		4,456,000
Land, buildings, and equipment		5,500,000
Long-term investments		2,690,000
Management and general expense		365,000
Net assets:
Unrestricted (January 1)					458,000
Temporarily restricted (January 1)					659,000
Permanently restricted (January 1)					1,250,000
Net gains on endowment investmentsunrestricted					17,500
Noncurrent pledge receivables (net)		365,000
Program service revenueunrestricted					5,592,000
Postemployment benefits payable (noncurrent)					188,000
Reclassifications:
Satisfaction of program restrictions		250,000
Satisfaction of time restrictions		205,000
Satisfaction of program restrictions					250,000
Satisfaction of time restrictions					205,000
Research program expenses		1,256,000
Short-term investments		750,000
Supplies inventory		32,000
Totals	$	17,734,500		$	17,734,500

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, 2017. c. Prepare a Statement of Financial Position as of December 31, 2017.

a1) - Record the year end closing entry for Unrestricted net assets

a2) - Record the year end closing entry for Temporarily restricted net assets

a3) - Record the year end closing entry for Permanently restricted net assets

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