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. 
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.
Definitions:
Incentive Contracts
Agreements that offer rewards for meeting or exceeding specified performance criteria.
Risk-Related Compensation
Payment or rewards given to employees or executives for taking on significant risks on behalf of a company.
Desirability
The quality of being wanted or wished for as being attractive, useful, or necessary.
Incentive Compensation Scheme
A strategy used by businesses to motivate and reward employees beyond regular pay to improve company performance.
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