Thirty years ago, a group of civic-minded merchants in Mayfair organized the €˜€˜Committee of 100€™€™ for the purpose of establishing the Mayfair Sports Club, a not-for-profit sports organization for local youth. Each of the committee€™s 100 members contributed $1,000 toward the club€™s capital. In addition, each participant agreed to pay dues of $200 a year for the club€™s operations. All dues have been collected in full by the end of each fiscal year, which ends on March 31. Members who have discontinued their participation have been replaced by an equal number of new members by transferring the participation certificates from the former members to the new ones. Following are the Club€™s trial balances at April 1, 2018:

Transactions and adjustment data for the year ended March 31, 2019, are as follows:
a. Collections from participants for dues totaled $20,000.
b. Snack bar and soda fountain sales amounted to $31,000.
c. Interest and dividends totaling $6,000 were received. This investment income is unrestricted.
d. The following additions were made to the voucher register:
House expense .. ..... ..... .... ..... .... ..... ............. $17,000
Snack bar and soda fountain.. .... ..... .... ..... ..... 26,000
General and administrative... .... ..... .... ..... ..... 11,000
e. Vouchers totaling $55,000 were paid.
f. Assessments for capital improvements not yet incurred totaled $10,000. The assessments were made on May 20, 2018, and were to be collected during the year ending March 31, 2019.
g. An unrestricted bequest of $5,000 was received.
h. Investments are valued at fair value, which amounted to $95,000 at March 31, 2019. There were no investment transactions during the year.
i. Depreciation for the year is as follows:
Building.... .... ..... ..... .... ..... .... ..... ..... $4,000
Furniture and equipment ..... .... ..... .... ..... ..... 8,000
Depreciation is allocated to
House expense .. ..... ..... .... ..... .... ..... ..... $9,000
Snack bar and soda fountain.. .... ..... .... ..... ..... 2,000
General and administrative... .... ..... .... ..... ..... 1,000
j. The actual physical inventory, which was $1,000 at March 31, 2019, pertains to the snack bar and fountain.
k. A donor contributed $35,000 to be used to acquire land for expansion.
l. An unconditional pledge of $100,000 to be permanently restricted is received. Income is to be used to maintain the building.
Required
1. Prepare entries for each of the above transactions.
2. Prepare the statement of activities for the year ended March 31, 2019.

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Debit 29,000 88,000 5,000 10,000 Credit ash Land Building. . .. . . 164,000 130,000 54,000 Accumulated Depreciation Furniture and Equipment.. .. . .. .. 46,000 400,000 10,000 100,000 12,000 52,000 400,000 750,000 750,000