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. 11 Amountofinvestmentssetasideforemergencypurposes(internallyrestricted)12Rentpaid(1/2program;1/4admin;1/4fundraising)Advertisingpaid(1/2program;1/4admin;1/4fundraising)Utilitiespaid(1/2program;1/4admin;1/4fundraising)13Unrestrictedpledgereceived,tobecollectedin5yearsPresentvalueofPledgeRecognizedinterestof$7,000onpledgereceivable14Depreciationcomputed(60%program;30%admin;10%fundraising)FORSIMPLICITY,CREDITLAND,BUILDINGS,&EQUIPMENTINSTEADOFACCUMULATEDDEPRECIATION.15Interestpaidonnotesignedtoacquirebuilding(100%program)$$$$$$$$$5,00011,00012,50016,40017,000200,000157,0007,00040,000 1 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 2 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 3 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 4 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 5 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 6 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 7 8 6 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 7 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 8 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 9 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 10 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 11 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 12 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 13 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 14 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 15 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 Investment income Exchange revenues - memberships Total contributions and revenues Net assets released from restriction Total contributions, revenues, and net assets released from restriction Expenses: Program Services - Healthcare Salary Rent Advertising Utilities Depreciation Interest Supporting Services - Fundraising Rent Advertising Utilities Depreciation Supporting Services - Administrative Rent Advertising Utilities Depreciation Total expenses Excess of total contributions, revenues, and net assets released from restriction over expenses Net assets at beginning of year Net assets at end of year CRICK FOUNDATION Statement of Financial Position December 31, 2020 ASSETS Cash Contributions receivable (net) Investments Investments-internally restricted Land, buildings, and equipment (net) Total assets LIABILITIES Deferred revenues Notes payable Total liabilities NET ASSETS Without donor restrictions Unrestricted With donor restrictions Total net assets Total liabilities and net assets Difference between total assets and total liabilities 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. 11 Amountofinvestmentssetasideforemergencypurposes(internallyrestricted)12Rentpaid(1/2program;1/4admin;1/4fundraising)Advertisingpaid(1/2program;1/4admin;1/4fundraising)Utilitiespaid(1/2program;1/4admin;1/4fundraising)13Unrestrictedpledgereceived,tobecollectedin5yearsPresentvalueofPledgeRecognizedinterestof$7,000onpledgereceivable14Depreciationcomputed(60%program;30%admin;10%fundraising)FORSIMPLICITY,CREDITLAND,BUILDINGS,&EQUIPMENTINSTEADOFACCUMULATEDDEPRECIATION.15Interestpaidonnotesignedtoacquirebuilding(100%program)$$$$$$$$$5,00011,00012,50016,40017,000200,000157,0007,00040,000 1 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 2 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 3 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 4 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 5 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 6 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 7 8 6 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 7 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 8 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 9 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 10 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 11 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 12 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} 13 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 14 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} 15 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 Investment income Exchange revenues - memberships Total contributions and revenues Net assets released from restriction Total contributions, revenues, and net assets released from restriction Expenses: Program Services - Healthcare Salary Rent Advertising Utilities Depreciation Interest Supporting Services - Fundraising Rent Advertising Utilities Depreciation Supporting Services - Administrative Rent Advertising Utilities Depreciation Total expenses Excess of total contributions, revenues, and net assets released from restriction over expenses Net assets at beginning of year Net assets at end of year CRICK FOUNDATION Statement of Financial Position December 31, 2020 ASSETS Cash Contributions receivable (net) Investments Investments-internally restricted Land, buildings, and equipment (net) Total assets LIABILITIES Deferred revenues Notes payable Total liabilities NET ASSETS Without donor restrictions Unrestricted With donor restrictions Total net assets Total liabilities and net assets Difference between total assets and total liabilities and net assets $