the december 31 2012 statement of financial position for the blood donors of america 4375211

The December 31, 2012, statement of financial position for the Blood Donors of AmericaFoundation is presented below.Statement of Financial PositionDecember 31, 2012AssetsCash……………….. $ 470,000Accounts Receivable…………… 160,000Allowance for Doubtful Accounts………. (30,000)Pledges Receivable ………….. 930,000Allowance for Doubtful Pledges………. (130,000)Inventories……………… 400,000Investments …………….. 19,300,000Land ……………….. 1,300,000Buildings and Improvements……….. 46,500,000Equipment……………… 2,700,000Accumulated Depreciation ……….. (13,500,000)Other Assets……………… 200,000Total Assets……………… $58,300,000LiabilitiesAccounts Payable……….. $ 700,000Accrued Expenses……….. 130,000Deferred Revenue—Unrestricted……. 100,000Deferred Capital Addition…….. 1,600,000Long-term Debt……….. 7,350,000Total Liabilities……….. 9,880,000Fund BalancesPlant……………… 29,000,000Endowment……………. 3,850,000Restricted……………. 7,300,000Unrestricted……………. 8,270,000Total Fund Balances……….. 48,420,000Total Liabilities and Fund Balances…… $58,300,000Additional information concerning the statement of financial position is as follows:1. Except for $70,000 of cash, the Endowment Fund is made up of investments only. There are no liabilities.2. The Plant Fund has no current liabilities and includes some investments and $15,000 in cash.3. In addition to investments, the Current Restricted Fund consists of the pledges receivable, $35,000 of accounts payable, and cash of $155,000.Required:Prepare a corrected statement of financial position for the Blood Donors of America Foundation at December 31, 2012, using the following columnarformat:
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The December 31 2012 statement of financial position for the

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