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The Ombudsman Foundation is a private nonprofit organization providing dispute resolution and conflict management training. The Foundation had the following preclosing trial balance at December $31,2024,$ the end of its fiscal year:

Account: 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 $27,100$

Contributions$$no restrictions $2,492,000$

Contributions$$purpose restrictions $846,000$

Contributions$$endowment $2,872,000$

Current pledges receivable $81,300$

Education program expenses $1,631,300$

Fund$-$raising expenses $125,600$

Investment revenue$$purpose 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 $5,978,100$

Postemployment benefits payable $($long$-$term$)200,900$

Reclassification$$Satisfaction of program restrictions $267,400$

Reclassification$$Satisfaction of time restrictions $219,100$

Reclassification$$Satisfaction of program restrictions $267,400$

Reclassification$$Satisfaction 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$

Required:

Prepare closing entries for the year$-$end, using separate entries for each net asset classification.

Prepare a Statement of Activities for the year ended December $31,2024.$

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