Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. b. Prepare a Statement of Activities for the year ended December 31, 2020. c. Prepare a Statement of Financial Position as of December 31, 2020. For the Year Ended December 31, 2020 \begin{tabular}{|l|l|l|l|} \hline & Current Assets: & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Roceivables: & & \\ \hline Noncurrent Assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Noncurrent Assets & & \\ \hline Total Assets & & \\ \hline \end{tabular} he Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. he Foundation had the following preclosing trial balance at December 31,2020 , the end of its fiscal year: Required: a. Prepare closing entries for the year-end, using separate entries for each net asset classification. b. Prepare a Statement of Activities for the year ended December 31, 2020. c. Prepare a Statement of Financial Position as of December 31, 2020. For the Year Ended December 31, 2020 \begin{tabular}{|l|l|l|l|} \hline & Current Assets: & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Roceivables: & & \\ \hline Noncurrent Assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Noncurrent Assets & & \\ \hline Total Assets & & \\ \hline \end{tabular} he Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. he Foundation had the following preclosing trial balance at December 31,2020 , the end of its fiscal year