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The Following Information Was Taken from the Accounts and Records

Question 39

Essay

The following information was taken from the accounts and records of the Community Chest Foundation,a private,not-for-profit VHWO organization.All balances are as of December 31,2014,unless otherwise noted.
 Unrestricted Support - Contributions $6,500,000 Unrestricted Support - Membership Dues 700,000 Unrestricted Revenues - Investment Income 63,000 Temporarily restricted gain on sale of investments 20,000 Expenses - Program Services 2,950,000 Expenses - Supporting Services 670,000 Expenses - Supporting Services 350,000 Temporarily Restricted Support - Contributions 560,000 Temporarily Restricted Revenues - Investment Income 70,000 Permanently Restricted Support - Contributions 80,000 Unrestricted Net Assets, January 1, 2014 500,000 Temporarily Restricted Net Assets, January 1, 2014 4,000,000 Permanently Restricted Net Assets, January 1, 2014 50,000\begin{array}{ll}\text { Unrestricted Support - Contributions }&\$6,500,000\\\text { Unrestricted Support - Membership Dues } & 700,000 \\\text { Unrestricted Revenues - Investment Income } & 63,000 \\\text { Temporarily restricted gain on sale of investments } & 20,000 \\\text { Expenses - Program Services } & 2,950,000 \\\text { Expenses - Supporting Services } & 670,000\\\text { Expenses - Supporting Services } & 350,000 \\\text { Temporarily Restricted Support - Contributions } & 560,000 \\\text { Temporarily Restricted Revenues - Investment Income } & 70,000 \\\text { Permanently Restricted Support - Contributions } & 80,000 \\\text { Unrestricted Net Assets, January 1, 2014 } & 500,000 \\\text { Temporarily Restricted Net Assets, January 1, 2014 } & 4,000,000 \\\text { Permanently Restricted Net Assets, January 1, 2014 } & 50,000\end{array} The unrestricted support from contributions was received in cash during the year.The expenses included $980,000 paid from temporarily-restricted cash donations.
Required:
Prepare Community Chest's Statement of Activities for the year ended December 31,2014.

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Community Chest Foundation
Statement of...

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