The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. The Foundation had the following pre-closing trial balance at December 31, 2012, the end of its fiscal year:

a. Prepare closing entries for the year-end, using separate entries for each net asset classification.
b. Prepare a Statement of Activities for the year ended December 31, 2012.
c. Prepare a Statement of Financial Position as of December 31, 2012. Use a classified approach, providing separate totals for current and noncurrentitems.

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Account: restricted restricte restricted Grant revenue temporarily restricted Land, buildings, and equipment expense 1) Temporarily restricted January 1) Permanently restricted anuary 1) 365,000 program restrictions 1,256,000 $17,754,500