Please explain how to find the net assets.

Required information {The following information applies to the questions displayed below] The Kare Counseling Center was incorporated as a notaforaprofit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30, 2020, follows. Debits Credits Cash $ 117, 599 Pledges ReceivableWithout Donor Restrictions 42,999 Estimated Uncollectible Pledges $ 5,199 Inventory 3,899 Investments 188,999 Furniture and Equipment 229,999 Accumulated DepreciationFurniture and Equipment 125,999 Accounts Payable 21,529 Net Assets Without Donor Restrictions 197,599 Net Assets With Donor RestrictionsiPrograms 51,599 Net Assets With Donor RestrictionsiPermanent Endowment 159,999 ContributionsAnlithout Donor Restrictions 349,829 ContributionsAnlith Donor RestrictionsiPrograms 39,199 Investment IncomeWithout Donor Restrictions 19,299 Net Assets Released 'From RestrictionsWith Donor Restrictions 32,999 Net Assets Released 'From RestrictionsWithout Donor Restrictions 32,999 Salaries and Fringe Bene'Fit Expense 289,419 Occupancy and Utility Expense 39,499 Supplies Expense 7,949 Printing and Publishing Expense 5,199 Telephone and Postage Expense 4,599 Unrealized Gain on Investments 3,999 Depreciation Expense 35,999 Totals $ 984,749 $ 984,749 1. Salaries and fringe benefits were allocated to program services and supporting services in the following percentages: counseling services, 40 percent; professional training, 20 percent; community service, 10 percent; management and general, 20 percent; and fundraising, 10 percent. Occupancy and utility, supplies, printing and publishing, and telephone and postage expenses were allocated to the programs in the same manner as salaries and fringe benefits. Depreciation expense was divided equally among all five functional expense categories. 2. The organization had $170,314 of cash on hand at the beginning of the year. During the year, the center received cash from contributors: $306,800 that was unrestricted and $39,100 that was restricted for the purchase of equipment for the center. It had $10,200 of income earned and received on longterm investments. The center spent cash of $289,410 on salaries and fringe benets, $32,000 on the purchase of equipment for the center, and $87,504 for operating expenses. Other pertinent information follows: net pledges receivable increased $4,800, inventory increased $2,000, accounts payable decreased $105,794, and there were no salaries payable at the beginning of the year Required a. Prepare a statement of financial position as ofJune 30, 2020. KARE COUNSELING CENTER Statement of Financial Position June 30, 2020 Assets Cash $ 117,500 Pledges Receivable 36,900 Inventory 3,800 Investments 188,000 Furniture and Equipment 95,000 Total Assets $ 441,200 Liabilities Accounts Payable $ 21,520 Total Liabilities 21,520 Net Assets Without Donor Restrictions With Donor Restrictions-Programs With Donor Restrictions-Permanent Endowment Total Net Assets Total Liabilities and Net Assets $ 21,520