The following information was excerpted from the records of the East End Golf and Tennis Club, an NFPO. All account balances are as of the fiscal year ended June 30, 2013, except for the net asset balances at the beginning of the year. Prepare a statement of activities for the East End Golf and Tennis Club.

Revenues— dues.......................... 600,000

Revenues— golf lessons...................... 80,000

Revenues— tennis lessons..................... 55,000

Expenses— golf and tennis pros................... 105,000

Other expenses associated with golf courses and tennis courts ........475,000

Administration expenses...................... 65,000

Assessments against members, restricted for capital improvements...... 200,000

Net assets released from restriction due to satisfaction of program restrictions.. 70,000

Net unrealized and realized gains on temporarily restricted investments .....20,000

Net assets at beginning of year— unrestricted.............. 60,000

Net assets at beginning of year— temporarily restricted........... 80,000