Using the information provided here for the Airport Enterprise Fund of the City of Demere, prepare a statement of revenues, expenses, and changes in net assets for 20X3.

Transcribed Image Text:

Charges for services.. Salaries expense. Contractual services used.... Supplies used ..... Depreciation.... Interest received Increase in fair value of investments.. Loss on sale of capital assets.... Transfers from the General Fund Capital assets donated for Enterprise Fund use. Interest expense..... Amortization of deferred interest expense adjustment (credit balance) ..... Expenditures that qualify (100% reimbursable) under capital grant.. Net Assets, January 1, 20X3. $3,500,000 1,000,000 1,100,000 200,000 1,500,000 120,000 23,000 4,000 222,000 500,000 450,000 25,000 1,300,000 3,827,000