Help & Save is a private not$-$for$-$profit entity that operates in Kansas. Swim For Safety is a private not$-$for$-$profit entity that operates in Missouri. The leaders of these two organizations have decided to combine forces on January $1,2024,$ in order to have a bigger effect resulting from their work. The two organizations are currently discussing ways by which this combination can be created. The following are statements of financial position for both charities at that date:

HELP & SAVE

Statement of Financial Position

January $1,2024$

Assets

Cash $ $1,700,000$

Contributions receivable $($net$)90,000$

Investments $350,000$

Buildings and equipment $($net$)750,000$

Total assets $ $2,890,000$

Liabilities

Accounts payable and accrued liabilities $ $160,000$

Notes payable $1,150,000$

Total liabilities $ $1,310,000$

Net Assets

Net assets without donor restrictions $ $1,200,000$

Net assets with donor restrictions $380,000$

Total net assets $ $1,580,000$

Total liabilities and net assets $ $2,890,000$

SWIM FOR SAFETY

Statement of Financial Position

January $1,2024$

Assets

Cash $ $600,000$

Contributions receivable $($net$)230,000$

Investments $220,000$

Buildings and equipment $($net$)640,000$

Total assets $ $1,690,000$

Liabilities

Accounts payable and accrued liabilities $ $170,000$

Notes payable $670,000$

Total liabilities $ $840,000$

Net Assets

Net assets without donor restrictions $ $470,000$

Net assets with donor restrictions $380,000$

Total net assets $ $850,000$

Total liabilities and net assets $ $1,690,000$

The buildings and equipment reported by Help & Save have a fair value of $$960,000.$ The buildings and equipment reported by Swim For Safety have a fair value of $$770,000.$

Required:

Assume Help & Save pays $$1\mathrm{.}10$ million in cash from its net assets without donor restrictions to gain complete control over Swim For Safety. If it is not assumed that Swim For Safety will be predominantly supported by contributions and investment income in the future, what balances appear on the consolidated statement of financial position immediately after control is gained?

Assume Help & Save pays $$1,039,000$ in cash from its net assets without donor restrictions to gain complete control over Swim For Safety. It is assumed that Swim For Safety will be predominantly supported by contributions and investment income in the future. What balances appear on the consolidated statement of financial position immediately after control is gained?

Assume that these two organizations are combined into a new private not$-$for$-$profit entity to be known as Help$$Swim$$Save$.$ A new governing body will be formed to manage and operate the resulting organization. What balances appear on the consolidated statement of financial position immediately after control is gained?