The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict manageme The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year Tes Balance December 31, 2020 Debits Accounts payable Credits $ Accounts receivable (net) 25,100 47,700 Accrued interest receivable Accumulated depreciation 16,700 3,459,300 Cash 117,300 Contributed services 27,000 Contributions-no restrictions 2,446,000 Contributions-purpose restrictions 796,000 Contributions-endowment 2,122,700 Current pledges receivable 80,800 Education program expenses 1,538,100 Fundraising expenses 124,300 Investment revenue-purpose restrictions 92,500 Training seminars expenses 4,550,100 Land, buildings, and equipment 5,614,700 Long-term investments 2,743,500 Management and general expenses 488,600 Net assets without donor restrictions 487,400 Net assets with donor restrictions 2,047,000 Net gains on endowments - no restrictions 18,400 Noncurrent pledges receivable 390, 200 Program service revenue - no restrictions 5,978,100 Post-employment benefits payable (long-term) 200, 900 Reclassification-Satisfaction of program restrictions 267,400 Reclassification-Satisfaction of time restrictions 215,600 Reclassification-Satisfaction of broeram restrictions 267.400 Reclassification-Satisfaction of program restrictions Reclassification-Satisfaction of time restrictions Research program expenses Short-term investments Supplies inventory Totals 267,400 215,600 1,282,700 751,900 33.600 $28,183, 400 $16,183,400 Required: o. 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 Complete this question by entering your answers in the tabs below. Required A Required B Required c Prepare closing entries for the year-end, using separate entries for each net asset classification. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.)