Please help me solve part b of the textbook problem. I am stuck :( The...

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Accounting

Please help me solve part b of the textbook problem. I am stuck :(

The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year:

Trial BalanceDecember 31, 2020 Debits Credits
Accounts payable $ 25,300
Accounts receivable (net) $ 48,600
Accrued interest receivable 16,700
Accumulated depreciation 3,502,200
Cash 117,400
Contributed services 27,100
Contributionsno restrictions 2,492,000
Contributionspurpose restrictions 846,000
Contributionsendowment 2,872,000
Current pledges receivable 81,300
Education program expenses 1,631,300
Fund-raising expenses 125,600
Investment revenuepurpose restrictions 93,200
Training seminars expenses 4,829,200
Land, buildings, and equipment 5,960,500
Long-term investments 2,915,300
Management and general expenses 395,600
Net assets without donor restrictions 496,400
Net assets with donor restrictions 2,068,900
Net gains on endowments - no restrictions 18,700
Noncurrent pledges receivable 390,200
Program service revenue - no restrictions 5,978,100
Post-employment benefits payable (long-term) 200,900
ReclassificationSatisfaction of program restrictions 267,400
ReclassificationSatisfaction of time restrictions 219,100
ReclassificationSatisfaction of program restrictions 267,400
ReclassificationSatisfaction of time restrictions 219,100
Research program expenses 1,323,300
Short-term investments 752,000
Supplies inventory 33,800
Totals $ 19,107,300 $ 19,107,300

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Requlred: . 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. Complete this question by entering your answers in the tabs below. Prepare a Statement of Activities for the year ended December 31, 2020. (Amounts to be deducted should be indicated by minus sign.)

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