Problem $18-9($LO $8,9)$ Statement of activities, closing entries. We Care, a VHWO, conducts two programs: Adult Services and Education. It has the typical supporting services of management and fund raising. The condensed trial balances after allocable expenses have been assigned are presented as follows:

We Care

Condensed Post$-$Allocation Trial Balances

December $31,2019$

$\backslash$table$[[$Credits$],[$Liabilities $..........,179,000],[$Unrestricted Net Assets $.........,202,000],[$Temporarily Restricted Net Assets $.,196,000],[$Permanently Restricted Net Assets $.,201,000],[$Contributions$-$Unrestricted $.........,407,000],[$Contributions$-$Temporarily Restricted $........,254,000],[$Special Events Support$-$Temporarily Restricted.,$48,000],[$Legacies and Bequests$-$Permanently Restricted.,$30,000],[$Investment Revenue $-$ Unrestricted $.........,13,000],[$Investment Revenue $-$ Temporarily Restricted $.......,11,000],[$Gain on Sale of Investments$-$Temporarily Restricted,$8,000],[$Gain on Sale of Investments$-$Permanently Restricted.,$25,000],[\backslash$table$[[$Reclassification In$-$Unrestricted$-],[$Satisfaction of Program Restrictions.$]],],[\backslash$table$[[$Satisfaction of Program Restrictions $............],[$Reclassification In$$Unrestricted$-]],143,000],[\backslash$table$[[$Reclassification In$-$Unrestricted$-],[$Satisfaction of Equipment Acquisition Restrictions.$]],],[$Satisfaction of Equipment Acquisition Restrictions.,$20,000],[$Total $.........,1,737,000$