This is a consolidation question:

Do-Good Inc. is a not for-profit organization that was formed on January 1. 2020. Do-Good has a December 31 year end it has an accounting policy of capitalizing and amortizing its capital assets. On April 1, 2020. Do-Good purchased equipment costing $9.000 The equipment is estimated to have a useful life of 4 years. with no residual value at that time, This transaction was the only transaction that took place to date The equipment was purchased from an unrestricted contribution of $8,000. What would be the balance in the Capital Fund on December 31, 2020? Murople Choice $8,000 $6,000 56.500 58,400