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Please help with the Statement of Financial Position.

INVOLVE was incorporated as a not-for-profit organization on January 1, 2023. During the fiscal year ended December 31, 2023, the following transactions occurred.

1. A business donated rent-free office space to the organization that would normally rent for $35,200 a year.
2. A fund drive raised $186,000 in cash and $102,000 in pledges that will be paid next year. A state government grant of $152,000 was received for program operating costs related to public health education.
3. Salaries and fringe benefits paid during the year amounted to $208,760. At year-end, an additional $16,200 of salaries and fringe benefits were accrued.
4. A donor pledged $102,000 for construction of a new building, payable over five fiscal years, commencing in 2025. The discounted value of the pledge is expected to be $94,460.
5. Office equipment was purchased for $12,200. The useful life of the equipment is estimated to be five years. Office furniture with a fair value of $9,800 was donated by a local office supply company. The furniture has an estimated useful life of 10 years. Furniture and equipment are considered net assets without donor restrictions by INVOLVE.
6. Telephone expense for the year was $5,400, printing and postage expense was $12,200 for the year, utilities for the year were $8,500 and supplies expense was $4,500 for the year. At year-end, an immaterial amount of supplies remained on hand and the balance in accounts payable was $3,800.
7. Volunteers contributed $15,200 of time to help with answering the phones, mailing materials, and various other clerical activities.
8. It is estimated that 90 percent of the pledges made for the 2024 year will be collected. Depreciation expense is recorded for the full year on the assets recorded in item 5.
9. All expenses were allocated to program services and support services in the following percentages: public health education, 35 percent; community service, 30 percent; management and general, 20 percent; and fund-raising, 15 percent.
10. Net assets were released to reflect satisfaction of state grant requirements that the grant resources be used for public health education program purposes.
11. All nominal accounts were closed to the appropriate net asset accounts.
12. Prepare a statement of financial position for the year ended December 31, 2023.
13. 
14. Prepare a statement of cash flows for the year ended December 31, 2023
15. 
16. Prepare a schedule of expenses by nature and function for the year ended December 31, 2023.
17. 

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No.	Transaction	General journal	Debit	Credit
A	1	Rent Expense	36400
		Contributions- Unrestricted		36400
B	2	Cash (192000+164000)	356000
		Contributions Receivable	114000
		Contributions- unrestricted		192000
		Contributions- temporarily restricted		278000
C	3	Salaries & Benefits Expense	227360
		Cash		209960
		Salaries and Benefits Payable		17400
D	4	Contributions Receivable	114000
		Contributions- temporarily restricted		95660
		Discount on contributions receivable		18340
E	5	Equipment and Furniture	24400
		Cash		13400
		Contributions- unrestricted		11000
F	6	Telephone Expense	6600
		Printing and Postage Expense	13400
		Utilities expense	9700
		Supplies expense	5700
		Cash		30400
		Accounts Payable		5000
G	7	No journal entry required
H	8	Provision for uncollectable pledges (114000*(100%-90%))	11400
		Allowance for uncollectable pledges-Unrestricted		11400
I		Depreciation Expense (13400/5)+(11000/10)	3780
		Allowance for depreciation-Equipment and Furniture		3780
J	9	Public Health education program (314340*35%)	110019
		Community Service Program (314340*30%)	94302
		Management and General (314340*20%)	62868
		Fund-Raising (314340*15%)	47151
		Salaries and Benefits Expense		227360
		Rent Expense		36400
		Telephone Expense		6600
		Printing and Postage Expense		13400
		Utilities expense		9700
		Supplies expense		5700
		Provision for Uncollectible Pledges		11400
		Depreciation Expense		3780
K	10	Net Assets Released-Satisfaction of Purpose Restrictions-Temporarily Restrictions	110019
		Net Assets Released-Satisfaction of Purpose Restriction-Unrestricted		110019
L	11	Contributions- Unrestricted (36400+192000+11000)	239400
		Unrestricted Net Assets	74940
		Public Health education program		110019
		Community Service Program		94302
		Management and General		62868
		Fund-Raising		47151
M		Contributions-Temporarily Restricted (278000+95660)	373660
		Temporarily Restricted Net Assets		373660
N		Temporarily Restricted Net Assets	110019
		Net Assets Released-Satisfaction of Purpose Restrictions Temporarily Restricted		110019
O		Net Assets Released-Satisfaction of Purpose Restriction-Unrestricted	110019
		Unrestricted Net Assets		110019

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