Required: (a) Prepare the journal entry to record the pledge, if applicable. (Omit $ sign in your response.) General Journal Debit Credit (Click to select) (Click to select) (b) Prepare a statement of operations for the Fairchild Centre for the year ended December 31, Year 5. (Input all amounts as positive values. Omit $ sign in your response.) FAIRCHILD CENTRE Statement of Operations Year ended December 31, Year 5 Revenues Operating grant from provincial government Donations from individuals - unrestricted Donations for rent of warehouse Expenses Salary of executive director Fees earned by counsellors Rent expense Amortization of leasehold improvements Other operating expenses Excess of revenues over expenses (c) Prepare a statement of changes in net assets for the Fairchild Centre for the year ended December 31, Year 5. (Leave no cell blank, be sure to enter "0" wherever required. Omit $ sign in your response.) FAIRCHILD CENTRE Statement of Changes in Net Assets Year ended December 31, Year 5 Net assets Restricted for Unrestricted Net Land purchase Assets Total Balance, beginning of year $ $ $ Contributions for purchase of land Pledge for purchase of land Excess of revenues over expenses Balance, end of year $ $ $ References

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