Question: I need help in this question. Please do it correctly and 100%. Please do not make any mistake in this 6 The following information pertains

I need help in this question. Please do it correctly and 100%. Please do not make any mistake in this

I need help in this question. Please do it correctly and 100%.

Please do not make any mistake in this 6 The following information

6 The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended December 31, 20X3 5 points Balances in net assets at January 1, 2ex3: Without Donor Restrictions $ 3,010,000 With Donor Restrictions 11,815,000 eBook The following transactions occurred during the year ended December 31, 20X3: Print References 1. Received cash donations of $519.000 from donors who did not place any time or purpose restrictions on them. 2. Received $1.012,000 of pledges from donors to be received in 20X4; it was estimated that 4 percent of the pledges would not be collected. Donors did not place any restrictions on the use of their pledges. 3. Eamed investment income of $202.000 on endowment investments that donors permanently restricted for research activities. 4. Designated $243,000 of the $504,000 of cash donations received in 20X3 for computer acquisitions. 5. Spent $165,000 of the $202.000 of investment income earned on endowment investments on research during the year ended December 31, 20X3. (This amount is included in the $249,200 for research expenses shown in the following table.) 6. Acquired $118.000 of equipment from donations made in 20x2 that donors had restricted for that purchase. The governing board of United Ways reports acquisitions of capital assets as unrestricted. 7. Received donated audit services from the organization's accounting firm that would have cost $15.700. 8. Learned that the fair value of endowment investments was $609,000 higher at the end of 20x3 than at the beginning. United Ways did not acquire or sell any endowment investments during 20x3 and treats gains and losses on endowment investments as permanently restricted. 9. Incurred program and supporting services expenses during 20x3 as follows (depreciation expense for 20X3 has been properly allocated to the functional expenses): Research Public health education Community services Management and general (does not include the audit that was donated) Fund-Raising $249, 280 109,680 150,780 124,180 114,480 6 Required: Prepare a statement of activities in good form for United Ways for the year ended December 31, 20X3. (Negative values should be entered with a minus slgn.) 5 points UNITED WAYS Statement of Activities For the Year Ended December 31, 20X3 Without Donor With Donor Restrictions Restrictions eBook Total Revenues, gains and other support: Print References Net assets released from restriction: Total revenues, gains and other support Program and supporting services expenses: Total expenses Net assets, beginning of the year Net assets, end of the year

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