X in the he column blank 10-5. For the following transactions and events, indicate what effect have on the three classes of net assets using this format. Puah appropriate column. If the net assets are unaffected, leave the colume Unrestricted Net Assets Temporarily Restricted Net Assets Per Restricted Net Assets Increase Decrease Increase Decrease Increase Decrease Ex 1 Ex2 Ex1: Received a pledge from a donor to provide $1,000 a year to supnon summer educational programs to be held each July for five period port of a new building. The capital campaign in support of a new build. years. Ex2: A time restriction on cash received in a prior year expired in the curen gn in sup- I. The governing board approved a capital fund-raising campai 2. In addition to outside pledges, the board set aside $100,000 of unre 3. Cash collections on the pledges described in (1) totaled $97.000 in the 4. $25.000 was expended from the capital campaign on architects fes 5. Operating revenues (admission fees and gift shop sales) amounted ing brought in pledges of $150,000. stricted resources for the new building. current year The organization records all fixed assets in the unrestricted class of net assets. $80,000. 6. Salaries, utilities, and operating supplies totaled $76.000. 7. Depreciation on plant and equipment amounted to $25,000. 8. Volunteers staffing the gift shop contributed 500 hours. The services di not require specialized skills but are estimated at a value of $8.50 per hout Securities valued at $100,000 were received for permanent endow Income earned on the endowment is to be used to sponsor visiting speakers. 9. 10. Interest and dividends received on the endowment totaled $2.000 11. An individual makes a pledge on December 31, promising to dist can rase $100,000 on the condition that the not-for-profit organization matching pledges before July of the next year