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, 2020, the end of its fiscal year:


Trial Balance—December 31, 2020 Debits Credits
Accounts payable $ 24,100
Accounts receivable (net) $ 48,000
Accrued interest receivable 16,700
Accumulated depreciation 3,333,400
Cash 113,100
Contributed services 27,200
Contributions—no restrictions 2,410,000
Contributions—purpose restrictions 818,000
Contributions—endowment 2,687,600
Current pledges receivable 77,500
Education program expenses 1,579,200
Fund-raising expenses 119,300
Investment revenue—purpose restrictions 88,700
Training seminars expenses 4,672,500
Land, buildings, and equipment 5,766,200
Long-term investments 2,818,500
Management and general expenses 404,600
Net assets without donor restrictions 467,000
Net assets with donor restrictions 2,043,000
Net gains on endowments - no restrictions 17,800
Noncurrent pledges receivable 390,200
Program service revenue - no restrictions 5,978,100
Post-employment benefits payable (long-term) 200,900
Reclassification—Satisfaction of program restrictions 267,400
Reclassification—Satisfaction of time restrictions 215,600
Reclassification—Satisfaction of program restrictions 267,400
Reclassification—Satisfaction of time restrictions 215,600
Research program expenses 1,305,400
Short-term investments 752,000
Supplies inventory 32,600
Totals $ 18,578,800 $ 18,578,800

Required:
a. Prepare closing entries for the year-end, using separate entries for each net asset classification.
b. Prepare a Statement of Activities for the year ended December 31, 2020.
c. Prepare a Statement of Financial Position as of December 31, 2020.