) Transactions for the American Society of Procrastinators during 2017 are as follows:

1.

General cash contributions received: $400,000.

2.

Cash contributions restricted to workshops to improve time management skills: $100,000.

3.

A successful procrastinator contributed $300,000 in cash as a permanent endowment. The income from investments of this contribution can be used for general operations.

4.

Investment income earned on the contribution in Item 3 is $15,000. There is no change in fair value of the related investments.

5.

Documented pledges are recorded, having a present value of $250,000.

6.

Increase during 2017 in the present value of recorded pledges: $10,000.

7.

Cash received from previously recorded pledges: $22,000.

8.

Expenses incurred:

Programs

$350,000

Administration

21,000

Fundraising

6,000

9.

Included in the programs expenses in Item 8 is $20,000 spent for workshops, using cash contributions from the past that were restricted for workshop support.

10.

Beginning balances of net assets are as follows:

Unrestricted net assets

$150,000

Temporarily restricted net assets

90,000

Permanently restricted net assets

125,000