Using the following information please correct and complete mt statments

Prepare a statement of unrestricted revenues, expenses, and other changes in unrestricted net assets.

Prepare a statement of changes in net assets for the year ending June 30, 2017, assuming the June 30, 2016, balances in net assets are as follows: $2,050,000 unrestricted; $830,000 temporarily restricted; and $4,000,000 permanently restricted.

Freedom University had the following closing entries for the year ended June 30, 2017 Reclassification to unrestricted net assets Satisfaction of program restrictions Unrestricted revenues: tuition and fees Contributions: unrestricted Revenues: investment income unrestricted Revenues: auxiliary enterprises unrestricted Gains on investments: unrestricted $360,000 3,915,000 320,000 250,000 2,500,000 50,000 Unrestricted net assets Instruction expense Research expense Public service expense Auxiliary enterprise expense Institutional support expense Student services expense 1,045,000 1,400,000 800,000 600,000 2,000,000 1,250,000 300,000 Contributions: temporarily restricted 430,000 Reclassification from temporarily restricted net assets 360,000 70,000 Temporarily restricted net assets Contributions: permanently restricted Permanently restricted net assets 805,000 805,000