Exercise 1 The following information was taken from the accounts and records of the Cribs Foundation, a private, non-profit organization. All balances are as of December 31, 2005, unless otherwise noted. Unrestricted Support - Contributions. Unrestricted Support - Membership Dues. Unrestricted Revenues - Investment Income. Temporarily restricted gain on sale of investments Expenses - Research. Expenses - Fund Raising.... Expenses - Management and General Restricted Support - Contributions Restricted Revenues - Investment Income. Permanently Restricted Support - Contributions Unrestricted Net Assets, January 1, 2005 Temporarily Restricted Net Assets, January 1, 2005. Php5,000,000 600,000 96,000 9,000 3,200,000 700,000 300,000 600,000 50,000 60,000 500,000 6,000,000 Permanently Restricted Net Assets, January 1, 2005. 50,000 The unrestricted support from contributions was received in cash during the year. The expenses included Php1,300,000 payable from donor-restricted resources. Required: Prepare Cribs's statement of activities for the year ended December 31, 2005 Exercise 2 The following information was taken from the accounts and records of the Bahay Mapagmahal Foundation, a private, non-profit organization. All balances are as of June 30, 2006, unless otherwise noted. Unrestricted Support - Contributions Unrestricted Support - Membership Dues Unrestricted Revenues - Investment Income Temporarily restricted gain on sale of investments Expenses - Research Expenses - Fund Raising..... Expenses Management and General Restricted Support - Contributions Restricted Revenues - Investment Income. Unrestricted Net Assets, July 1, 2005.... Permanently Restricted Support - Contributions Temporarily Restricted Net Assets, July 1, 2005.. Permanently Restricted Net Assets, July 1, 2005 60,000 Php3,000,000 700,000 76,000 19,000 2,200,000 400,000 500,000 600,000 40,000 70,000 450,000 2,100,000 The unrestricted support from contributions was received in cash during the year. The expenses included Php800,000 payable from donor restricted resources. Required: Prepare Bahay Mapagmahal's statement of activities for the fiscal year ended June 30, 2006.