Question: Required: Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts.
Required: Presented below is a partially completed Statement of Activities for a homeless shelter. Complete the Statement of Activities by filling in any missing amounts. Revenues Caontribution revenues Net assets released from restrictions Total revenues (28,500) $ 1,569,700 0 (28,500) 1,569,700 Expenses Temporary shelter program Self-sufficiency program Fund raising Administration Total expenses 1,058,250 1,482,920 Increase in net assets 93,000 13,780 106,780 Net assets January 1 20,250 14,000 34,250 Net assets December 31 3 113,250 27,780 141,030
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