The December 31 2015 statement of financial position for

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The December 31, 2015, statement of financial position for the Blood Donors of America
Foundation is presented below.Statement of Financial PositionDecember 31, 2015AssetsCash
.............................................................................. $ 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, 2015, using the following columnar format:
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The December 31 2015 statement of financial position for the

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