ISBN-13: 9781259741012

Chapter 10, Problem 6QE

Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts. (Include zero amounts.) CENTERVILLE AREA HOMELESS SHELTER Statement of Activities For the Year Ended December 31, 2017 Temporarily Permanently Unrestricted Restricted Restricted Total Revenues $1,560,810 0 1,560,810 Net assets released from restriction $(27,000) Total Revenues Expenses Temporary shelter program Self-sufficiency program Fund-raising Administration 1,053,600 312,000 7,000 78,900 1,451,500 109,310 31,850 $18,900 S 141.160 Total Expenses Increase in net assets Net assets January 1 Net assets December 31 90,000 18,000 $108,000 13,060 1,200 $ 14,260 6,250 $12,650