Please answer all sections.

Please answer all parts of the question.

For purposes of external reporting, not-for-profits-unlike governments in their governmental funds-do not distinguish between plant and other types of resources. In 20X0, the Northwest Ballet Association (NBA), a not-for-profit performing arts organization, undertook a major capital campaign to fund a new theater, expected to cost $10 million. It was quickly able to raise $6 million, all of which was donor restricted. It borrowed the balance, issuing a 5-year, 8-percent term note for $4 million. During the year, the NBA broke ground on the project and incurred construction costs of $3.4 million. It earned $0.52 million in interest on investments. It incurred and paid $0.32 million in interest on the note. In addition, as required by the note, it placed \$0.7 million in a reserve fund (a specially dedicated bank account) for the repayment of the debt. To show how these transactions would be reflected on the NBA's financial statements, prepare a December 31, 20X0, statament of financial position. Assume that these wers the only transactions in which the organization engaged and that all available cash, except that in the reserve fund, had been invested in short-term markatable securities. (Enter amounts in millions rounded to 2 Identify whether the contributions from donors and the proceeds from the bonds should be reported as restricted by donors or not. The contributions from donors should be reported as The proceeds from the bonds should be reported as Identify whether the $0.7 million in the reserve fund should be reported as restricted by donors or not. The $0.7 million in the reserve fund should be reported as