Unique Aspect of Accounting for Not-for-profit and Health Care Organization Situation Suppose you are a financial manager in a nonprofit organization named For Youth Agency (FYA) is a voluntary organization that provides counseling and recreation programs youthful offenders and delinquents. FYA's program are financed through a contract with the county in which it is located and through contributions from local citizens. Its contract with the county provides for reimbursement of allowable costs based on monthly billings to the county. FYA uses the accrual basis of accounting, and the following transaction occurred during 2015 Transaction 1. (January 4YA received pledges of gifts in the amount of $21,000 to be used at the FYA board of trustees considers appropriate Transaction 2. (January 29) FYA collected $1,000 cash on the pledges received in Transaction 1 Transaction 3(February 12) FYA received a gift of Intel stock that had a fair market value of $1,200 total at the time of the gift. The donor sent FYA's president a letter with the gift, saying that proceeds of the stock should be used only to purchase athletic equipment for the basketball team Transaction 4. (March 12) FYA sold a half of Intel stock that had a fair market value of S600 total at the time. Transaction 5. (April 7) FYA paid S600 cash for athletic equipment, using some of proceeds received in transaction 3 and 4. The expenditure was charged to the Recreation program. Transaction 6. (May 25) FYA spent $700 cash for Counseling program. Transaction 7. (June 8) FYA billed the county S5,500 for costs incurred under its contract. Transaction 8. (July 21) FYAborrowed S9,000 from the local bank on an unsecured note. The whole amount will be repaid next year Transaction 9. (August 23) FYA paid the local bank $4,000, of which $400 was interest. Transaction 10. (October 23) FYA expect that it will not be able to collect $600 of pledges Transaction 11. (December 23) FYA prepaid next year's rent of $12,000 Transaction 12. (December 25) A licensed social worker in the area donated 10 hours of her time to FYA. Her normal hourly rate is S20 per hour. The CEO appreciates the donation because otherwise he would have to purchase the counseling service Transaction 13. (December 31) FYA recorded $200 of depreciation for the year Transaction 14. (December 31) The fair market value of the remaining half of Intel stock on December 31 is $700 Question 1. Complete Transaction Work Sheet. Provide your Transaction Worksheet completed. Question 2. Using completed transaction worksheet, prepare (or generate) a Statement of Financial Position for this organization. Question 3. Using completed transaction worksheet, prepare (or generate) a Statement of Activity for this organization