We Care, a VHWO, conducts two programs: Adult Services and Education. It has the typical supporting services of management and fund raising. The condensed trial balances after allocable expenses have been assigned are presented as follows:

Required
1. Prepare a statement of activities in the format shown in Illustration 18-2.
2. Prepare closing entries for each net asset classification.

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We Care Condensed Post-Allocation Trial Balances December 31, 2019 Debits 716,000 256,000 322,200 184,100 27,600 50,100 18,000 Reclassification Out-Temporarily Restricted- 143,000 Reclassification Out-Temporarily Restricted- 20,000 1,737,000 Credits 179,000 202,000 196,000 201,000 407,000 254,000 48,000 30,000 13,000 11,000 8,000 25,000 Contributions -Unrestricted Special Events Support-Temporarily Restricted... Legacies and Bequests Permanently Restricted. . . . Investment RevenueUnrestricted . . .. . .. . . .. .. . Gain on Sale of Investments Permanently Restricted.. Reclassification In-Unrestricted . .. . . . .. 143,000 Reclassification In-Unrestricted 20,000 1,737,000