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The Ombudsman Foundation is a private not for profit organization providing training in dispute resolution and...

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, 2017 the end of its fiscal year:

debite credit
Accounts payable ?23500
Accounts receivable net 45000
Accrued interest receivable 15500
Accumulated depreciation ?3250500
Cash 109000
Contributed services unrestricted ?25000
Contributions unrestricted ?2300000
Contributions temporarily restricted ?780000
Contributions permanently restricted ?2650000
current pledge receivable 75000
education program expenses 1505000
fund raising expense 116000
grant revenue temporarily restricted ?86000
training seminar expenses 4456000
land building equipment 5500000
long term investments ?2690000
management and general expense ?365000
net assets unrestricted ?458000
net assets temporarily restricted january1 ?659000
net assets permanently restricted january 1 ?1250000
net gains on endowment investments unrestricted ?17500
noncurrent pledge receivables ?365000
program service revenues unrestricted ?5592000
postemployment benefits payable ?188000
reclassifications
Satisfaction of program restrictions 250000
Satisfactions of time restrictions 205000
Satisfaction of program restrictions ?250000
Satisfaction of time restriction ?205000
Research program expenses 1256000
Short term investments 750000
Supplies inventory 32000
Totals 17734500 17734500

a) Prepare closing entries for the year end using separate entries for each net asset classification

b) Prepare a statemnet of activities for the year ended December 31, 2017

c) Prepare a statement of financial position as of December 31 2017

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