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Wildhorse Library, a nonprofit organization, presented the following statement of financial position and statement of activities for its fiscal year ended February 28, 2024.

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Wildhorse Library, a nonprofit organization, presented the following statement of financial position and statement of activities for its fiscal year ended February 28, 2024. Wildhorse Library Statement of Financial Position February 28, 2024 Assets Temporarily Unrestricted Restricted Current Assets Cash $280,000 $76,000 Grants Receivable 75,000 Prepaid Expenses 69,000 Total 424,000 Investments (at market) 1,021,000 Land, Building, and Equipment (less accumulated depreciation of $58,843) 535,000 Total Assets $1,980,000 $76,000

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