1. Statement of Financial Position You will use the data provided in the Trial Balance tab to complete this statement.

2. Statement of Activities In addition to the information provided from the Trial Balance tab, use the following information about your nonprofit to prepare the Statement of Activities. 

a. Salaries and Fringe Benefit Expenses were allocated to Program Services and Supporting Expenses in the following percentages: 

i. Program 1: 40%

ii. Program 2: 20% 

iii. Program 3: 10% 

iv. Management and General: 20% 

v. Fund-Raising: 10% 

b. Rent and Utility, Supplies, Printing and Publishing, and Telephone and Postage Expenses were allocated in the same manner as Salaries and Fringe Benefit Expenses. 

c. Depreciation Expense was divided equally to each functional expense category.

3. Statement of Cash Flows In addition to the information provided from the Trial Balance tab and the information you have the prepared in the Statement of Financial Position and Statement of Activities, use the following information to prepare the Statement of Cash Flows. 

a. Your organization had $163,314 of cash on hand at the beginning of the year. 

b. During the year, your organization received cash from contributors: $340,800 that was unrestricted and $38,100 that was restricted for the purchase of equipment for the center. 

c. It had $11,200 of income earned and received on long-term investments. 

d. The organization spent cash of $288,410 on salaries and fringe benefits, $22,000 on the purchase of equipment, and $86,504 for operating expenses. 

e. Other pertinent information follows: net pledges receivable increased $6,000, inventory increased $1,000, accounts payable decreased $102,594, and there were no salaries payable at the beginning of the year.

 

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Statement of Financial Position Debit $156,500 41,000 Čredit Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable December 31, 2018 Assets $4,100 Cash Pledges Receivable Inventory Investments Furniture and Equipment 2,800 178,000 210,000 120,000 20,520 196,500 50,500 Total Assets 140,000| |Liabilities 378,820 Accounts Payable 38,100 11,200 Total Liabilities Net Assets Without Donor Restrictions $0.00 Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions-Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Depreciation Expense Printing and Publishing Expense Rent and Utility Expense Salaries and Fringe Benefit Expense Supplies Expense Telephone and Postage Expense Utilities Expense $0.00 30,000 Net Assets 4,190 Without Donor Restrictions With Donor Restrictions-Programs With Donor Restrictions-Permanent Endowment 32.000 288,410 5,940 4,500 6,400 $959,740 $959.740 Total Liabilities and Net Assets Total Net Assets $0.00 $0.00 Totals Statement of Financial Position Debit $156,500 41,000 Čredit Cash Pledges Receivable-Without Donor Restrictions Estimated Uncollectible Pledges Inventory Investments Furniture and Equipment Accumulated Depreciation-Furniture and Equipment Accounts Payable December 31, 2018 Assets $4,100 Cash Pledges Receivable Inventory Investments Furniture and Equipment 2,800 178,000 210,000 120,000 20,520 196,500 50,500 Total Assets 140,000| |Liabilities 378,820 Accounts Payable 38,100 11,200 Total Liabilities Net Assets Without Donor Restrictions $0.00 Net Assets With Donor Restrictions-Programs Net Assets With Donor Restrictions-Permanent Endowment Contributions-Without Donor Restrictions Contributions-With Donor Restrictions-Programs Investment Income-Without Donor Restrictions Depreciation Expense Printing and Publishing Expense Rent and Utility Expense Salaries and Fringe Benefit Expense Supplies Expense Telephone and Postage Expense Utilities Expense $0.00 30,000 Net Assets 4,190 Without Donor Restrictions With Donor Restrictions-Programs With Donor Restrictions-Permanent Endowment 32.000 288,410 5,940 4,500 6,400 $959,740 $959.740 Total Liabilities and Net Assets Total Net Assets $0.00 $0.00 Totals