& save is a private not-for-profit entity that operates in kansas. swim for safety is a private not-for-profit entity that operates in missouri. the leaders of these two organizations have decided to combine forces on january 1, 2017, in order to have a bigger impact from their work. they are currently discussing ways by which this combination can be created. statements of financial position for both charities at that date appear below. & savestatement of financial positionjanuary 1, 2017assets cash $ 1,690,000contributions receivable (net) 160,000investments 390,000buildings & equipment (net) 790,000total assets $ 3,030,000liabilities accounts payable and accrued liabilities $ 119,000notes payable 1,190,000total liabilities $ 1,309,000net assets unrestricted $ 1,190,000temporarily restricted 412,000permanently restricted 119,000total net assets $ 1,721,000total liabilities and net assets $ 3,030,000swim for safetystatement of financial positionjanuary 1, 2017assets cash $ 599,000contributions receivable (net) 300,000investments 260,000buildings & equipment (net) 680,000total assets $ 1,839,000liabilities accounts payable and accrued liabilities $ 160,000notes payable 710,000total liabilities $ 870,000net assets unrestricted $ 510,000temporarily restricted 199,000permanently restricted 260,000total net assets $ 969,000total liabilities and net assets $ 1,839,000the buildings and equipment reported by & save have a fair value of $990,000. the buildings and equipment reported by swim for safety have a fair value of $829,000.assume & save pays $1.16 million in cash from its unrestricted net assets to gain complete control over swim for safety. it is not assumed that swim for safety will be predominantly supported by contributions and investment income in the future. what balances will appear on the combined balance sheet immediately after control is gained? assume & save pays $1,150,000 in cash from its unrestricted net assets to gain complete control over swim for safety. it is assumed that swim for safety will be predominantly supported by contributions and investment income in the future. what balances will appear on the combined balance sheet immediately after control is gained? assume that these two organizations are combined into a new private not-for-profit entity to be known as –swim–save. a new governing body will be formed to manage and operate this new organization. what balances will appear on the combined balance sheet immediately after control is gained?