A nongovernment VHWO or ONPO has the following resources:

Additional information provided indicates that land with a recorded value of $1,500,000 (which was used in calculating the amount of “Resources invested in fixed assets”) must be used for ~ the purposes of the organization in perpetuity.

Required

Prepare the net assets section of the Balance Sheet for this nongovernment VHWO or ONPO.

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Resources restricted for use in future years but not restricted to a specific purpose Unrestricted resources designated for plant expansion Undesignated, unrestricted resources Resources restricted by donors for: Scholarships Research .... Plant expansion Term endowments Permanent endowments Resources invested in fixed assets (net of related accumulated depreciation and debt) Resources restricted by bond indenture for plant expansion. $ 1,300,000 3,000,000 9,000,000 4,000,000 10,000,000 5,000,000 2,000,000 50,000,000 17,000,000 4,500,000