The Learning Circle is a private organization that provides after-school and summer tutoring and educational activities to children from low-income families. The organization is funded by member dues and contributions. Following is Learning Circle's trial balance at July 1, 2012:

Cash receipts and payments for fiscal 2013 are:
Receipts:
Collection of dues$ 98,000
Contributions180,000
Grants320,000
Disbursements:
Tutoring programs250,000
After-school programs340,000
Fund-raising15,000
Additional information:
1. Depreciation for the year is $20,000 for the building and $30,000 for the equipment; depreciation is allocated equally between tutoring and after-school programs.
2. The grants were restricted to a new tutoring program for inner city teens. Of the amount received in fiscal 2013, $140,000 was spent for the specified program (included in expenditures above).
3. Supplies of $20,000 were on hand at the end of fiscal 2013. All supplies relate to the tutoring programs.
4. Dues of $6,000 were uncollected as of June 30, 2013.
5. The July 1, 2012, balance in temporarily restricted net assets consists of grants restricted to after-school programs. These grants were spent for the specified programs in fiscal 2013 (included in expenditures above).
6. The July 1, 2012, accounts payable balance was paid during fiscal 2013, and consisted of bills related to tutoring programs. Accounts payable at year-end total $80,000, of which $30,000 are bills related to tutoring program activities, and the remainder relates to after-school program activities.
Required
a. Record the transactions and adjustments for the fiscal year ended June 30, 2013.
b. Prepare the Learning Circle's statement of activities for fiscal year 2013, and its statement of financial position as of June 30, 2013.

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Debit Credit 4,000 30,000 150,000 530,000 240,000 Dues receivable. Supplies. Land Equipment, net... 25,000 729,000 250,000 $1,004,000 $1,004,000