The Crick foundation, a private not-for-profit entity, starts in 2020 with the beginning balances shown below. Crick Foundation has one major program (health care) and two supporting services (fundraising and administrative). Crick Foundation has the following transactions during the year. First, prepare the journal entries for each transactions. Then, prepare the statement of activities and statement of financial position for Crick. The appropriate account names are listed in column L. Hint: it would be helpful to prepare a trial balance using the beginning balance information and the journal entries you prepare prior to preparing financial statements. CRICK FOUNDATION Beginning balances: Cash Contributions reoelvable (net) Irvestments Land, bulidings and equipment (net) Unrestricted net assets Net assets with donor restrictions Purpose restricted net assets Peroentage to be used for new buliding Permanently restricted net assets Transactions occurring during the year: 1 Interest computed on the unrestricted contributions reoelvable. The income related to this transaction is not restricted to any purpose. $25,000 2 Reoelved cash of 145,000 from the contributions reoelvable and wrote off $5,000 as uncollectible. Contributions written off as uncollectible 3 Recelved unrestricted donation 4 Received cash restricted to use for a speofic oflice machine $$$$145,0005,000165,00024,000 5 Paid salaries of 92,520 to indviduals doing healthcare work (orogram service). $30,000 in salaries were paid using restricted funds. 6 Purchased approprlate oflice machine as speotied in #4. 7 Recelved $15,000 in cash with donor restrictions. 8 Purchased buliding using longterm note and restricted fund. longterm note signed for purchase Remainder paid for with restricted funds 9 Membership dues collected; by the end of the year two thirds of the membership dues had been earned. 10 Reoeived unrestricted irwestment income 11 Amount of imestments set aside for emergency purposes iinternally restricted] $11,000 12 Rent paid (1/2 program; 1/4 admin; 1/4 fundraising) Advertising paid (1/2 program; 1/4 admin; 1/4 fundraising) Utilities paid (1/2 program; 1/4 admin; 1/4 fundraising) 13 Unrestricted pledge reoelved, to be collected in 5 years Present value of Pledge Recognined interest of $7,000 on pledge reoelvable CRICK FOUNDATION Statement of Activities For the Year Ending December 31, 2020 Net Assets Net Assets Without Donor Restrictions With Donor Restrictions Contribution revenue: Donations Interest Total liwestment inoome Exchange revenues - memberships Total contributions and revenues Net assets released from restriction Total contributions, revenues, and net assets released from restriction Expenses: Program Servioes - Healthcare Salary Rent Advertising Utilities Depredation Interest Supporting Servioes - Fundraising Rent Advertising Utilities Depredation Supporting Services - Administrative Rent Advertising Utilities Depredation Total expenses Exoess of total contributions, revenues, and net assets released from restriction over expenges Net assets at beginning of year Net assets at end of year CRICK FOUNDATION Statement of Financial Position December 31, 2020 ASSES Cash Contributions reoelvable (net) Irwestments Irwestments - internally restricted Land, bulidings, and equipment (net) Total assets LABHITIES Deferred revenues Notes payable Total liablities NELASSES Wthout donor restrictions Unrestricted Wth donor restrictions Total net assets Total liablities and net assets The Crick foundation, a private not-for-profit entity, starts in 2020 with the beginning balances shown below. Crick Foundation has one major program (health care) and two supporting services (fundraising and administrative). Crick Foundation has the following transactions during the year. First, prepare the journal entries for each transactions. Then, prepare the statement of activities and statement of financial position for Crick. The appropriate account names are listed in column L. Hint: it would be helpful to prepare a trial balance using the beginning balance information and the journal entries you prepare prior to preparing financial statements. CRICK FOUNDATION Beginning balances: Cash Contributions reoelvable (net) Irvestments Land, bulidings and equipment (net) Unrestricted net assets Net assets with donor restrictions Purpose restricted net assets Peroentage to be used for new buliding Permanently restricted net assets Transactions occurring during the year: 1 Interest computed on the unrestricted contributions reoelvable. The income related to this transaction is not restricted to any purpose. $25,000 2 Reoelved cash of 145,000 from the contributions reoelvable and wrote off $5,000 as uncollectible. Contributions written off as uncollectible 3 Recelved unrestricted donation 4 Received cash restricted to use for a speofic oflice machine $$$$145,0005,000165,00024,000 5 Paid salaries of 92,520 to indviduals doing healthcare work (orogram service). $30,000 in salaries were paid using restricted funds. 6 Purchased approprlate oflice machine as speotied in #4. 7 Recelved $15,000 in cash with donor restrictions. 8 Purchased buliding using longterm note and restricted fund. longterm note signed for purchase Remainder paid for with restricted funds 9 Membership dues collected; by the end of the year two thirds of the membership dues had been earned. 10 Reoeived unrestricted irwestment income 11 Amount of imestments set aside for emergency purposes iinternally restricted] $11,000 12 Rent paid (1/2 program; 1/4 admin; 1/4 fundraising) Advertising paid (1/2 program; 1/4 admin; 1/4 fundraising) Utilities paid (1/2 program; 1/4 admin; 1/4 fundraising) 13 Unrestricted pledge reoelved, to be collected in 5 years Present value of Pledge Recognined interest of $7,000 on pledge reoelvable CRICK FOUNDATION Statement of Activities For the Year Ending December 31, 2020 Net Assets Net Assets Without Donor Restrictions With Donor Restrictions Contribution revenue: Donations Interest Total liwestment inoome Exchange revenues - memberships Total contributions and revenues Net assets released from restriction Total contributions, revenues, and net assets released from restriction Expenses: Program Servioes - Healthcare Salary Rent Advertising Utilities Depredation Interest Supporting Servioes - Fundraising Rent Advertising Utilities Depredation Supporting Services - Administrative Rent Advertising Utilities Depredation Total expenses Exoess of total contributions, revenues, and net assets released from restriction over expenges Net assets at beginning of year Net assets at end of year CRICK FOUNDATION Statement of Financial Position December 31, 2020 ASSES Cash Contributions reoelvable (net) Irwestments Irwestments - internally restricted Land, bulidings, and equipment (net) Total assets LABHITIES Deferred revenues Notes payable Total liablities NELASSES Wthout donor restrictions Unrestricted Wth donor restrictions Total net assets Total liablities and net assets