The following information for 20X7 was derived from the records of a nongovernment ONPO or VHWO:

Unrestricted contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,000,000

Unrestricted contributions (intended to finance next year) . . . . . . . . . 700,000

Contributions restricted for specific programs . . . . . . . . . . . . . . . . . . . 2,300,000

Contributions restricted for permanent endowments . . . . . . . . . . . . . . 4,000,000

Contributions restricted for term endowments . . . . . . . . . . . . . . . .. . . 600,000

Contributions restricted for plant assets . . . . . . . . . . . . . . . . . . . . . . . 11,000,000

Special event revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000

Unrestricted investment income of permanent endowments . . . . . . . 3,000,000

Investment income restricted for plant purposes . . . . . . . . . . . . . . . . . 2,700,000

Restricted gain on sale of investments of permanent endowments . . . . 950,000

Membership dues (not contributions) . . . . . . . . . . . . . . . . . . . . . . . . . 1,800,000

Expenses for research programs for which donor-restricted

resources are available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,500,000

Expenses for other research programs . . . . . . . . . . . . . . . . . . . . . . . . 1,750,000

Purchase of capital assets from donor-restricted resources . . . . . . . . 7,000,000

Expiration of term endowments (unrestricted) . . . . . . . . . . . . . . . . . 1,200,000

Expenses for community service programs . . . . . . . . . . . . . . . . . . . . 3,000,000

Special events—Direct costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,100,000

Expenses for fund-raising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000

Expenses for administrative functions . . . . . . . . . . . . . . . . . . . . . . . . 700,000

Beginning unrestricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000

Beginning temporarily restricted net assets . . . . . . . . . . . . . . . . . . . 9,400,000

Beginning permanently restricted net assets . . . . . . . . . . . . . . . . . 22,000,000

Required

Prepare a Statement of Activities for this nongovernment not-for-profit organization for the year ended December 31, 20X7. Special events are part of the major or central ongoing activities of the entity.