The following balances come from the trial balance of Wilson State College as of the end of the 2023 fiscal year.

Required

a. Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30, 2023, in good form. 

b. Prepare a statement of net position as of June 30, 2023, in good form. For the period, net position restricted for capital projects increased by $3,000, and net position restricted for debt service increased by $150; all bonded debt relates to capital assets. 

c. Prepare a statement of cash flows for the year ended June 30, 2023. Information on changes in assets and liabilities is as follows: Accounts Receivable (net) increased by $2,551; Due from State decreased by $14,842; Inventories increased by $23; Accounts Payable and Accrued Liabilities increased by $1,962; and Unearned Revenue decreased by $1,763. 

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Cash and Cash Equivalents Investments Accounts Receivable Allowance for Doubtful Accounts Due from State Inventories Cash and Cash Equivalents-Restricted Investments-Restricted WILSON STATE COLLEGE Preclosing Trial Balance June 30, 2023 (000s omitted) Depreciable Capital Assets Accumulated Depreciation Nondepreciable Assets Accounts Payable Accrued Liabilities Unearned Revenue Compensated Absences-Current Portion Bonds Payable Compensated Absences Net Position-Net Investment in Capital Assets Net Position-Restricted for Debt Service-Expendable Net Position-Restricted for Capital Projects-Expendable Net Position-Restricted for Endowment-Nonexpendable Net Position-Unrestricted Debits $ 3,278 29,387 1,957 79,626 869 6.716 71,883 184,620 89,481 Credits $ 137 28,850 2,306 2,039 13,789 1,538 92,116 37,662 158,715 1,157 49,272 39,959 36,559