Transactions for the American Geographic Society During the Current Year

Transactions for the American Geographic Society during the current year are as follows:
1) General cash contributions received: $520,000.
2) Cash contributions restricted to workshops on endangered tortoises: $40,000.
3) A successful scientist contributed $100,000 in cash as a permanent endowment. The income from investments of this contribution can be used for general operations.
4) Investment income earned on the contribution in Item 3 is $3,000. There is no change in fair value of the related investments.
5) Documented pledges are recorded, having a present value of $150,000.
6) Increase during the year in the present value of recorded pledges: $12,000.
7) Cash received from previously recorded pledges: $25,000.
8) Expenses incurred:
Programs………………………………………………. $500,000
Administration……………………………………… 80,000
Fund-raising…………………………………………. 15,000
9) Included in programs expenses in Item 8 is $45,000 spent for workshops, using cash contributions from the past that were restricted for workshop support.
10) Beginning balances of net assets are as follows:
Net assets without donor restrictions……… $ 90,000
Net assets with donor restrictions…………… 75,000
Required
Prepare the American Geographic Society's statement of activities for the current year.