The Center to Advance Student Learning has presented its statement of financial position for the 2017 fiscal year.

Required
Upon reviewing the statement, you realize that it is not presented in compliance with the FASB standards. To help the Center to Advance Student Learning correct the statement, please make a list of the corrections or modifications that should be made to the statement, so it can be presented in the proper format.

CENTER TO ADVANCE STUDENT LEARNING Statement of Financial Position As of December 31, 2017 Assets Cash and cash equivalents Short and long-term investments Contributions receivable Supplies and other prepaid expenses Land Buildings (net of accumulated depreciation of $63,420) Equipment (net of accumulated depreciation of $92,642) Total assets Liabilities and Net Assets Accounts payable Mortgage payable Accrued liabilities Unrestricted Temporarily restricted $ 286,80.2 1,371,143 286,372 43,258 210,000 561,627 144,230 $2,903,432 $45,722 495,000 24,963 503,980 Donor restricted for operations Debt-covenant restricted 196,892 61,875 Permanently restricted Donor restricted Board-designated 1,225,000 Total liabilities and net assets 3,43