Prepare a Statement of Activities for the Walland County School District for the year ended December 31, 20X5, given the following information. Assume that the classifications provided for expenses are the appropriate functional classifications to be presented in the statement.

Property tax revenues . . . . . . . . . . . . . . . . . . . . $48,000,000

Unrestricted grants and entitlements . . . . . . . . . . . . 11,200,000

Unrestricted contributions . . . . . . . . . . . . . . . . . 80,000

Unrestricted investment income . . . . . . . . . . . . . . 790,000

Transfers from General Fund to Enterprise Funds . . . . . 100,000

Charges for services provided by:

Instructional departments . . . . . . . . . . . . . . . . . 1,050,000

Support services . . . . . . . . . . . . . . . . . . . . . . 440,000

Noninstructional services . . . . . . . . . . . . . . . . . . 10,000

Extracurricular activities . . . . . . . . . . . . . . . . . .320,000

Food service (Enterprise Fund activity) . . . . . . . . . . . 1,500,000

Adult and community education (Enterprise

Fund activity) . . . . . . . . . . . . . . . . . . . . . . . . 844,822

Grants and contributions revenues—restricted

for specific operating costs of specific programs:

Instructional departments . . . . . . . . . . . . . . . . . .800,000

Support services . . . . . . . . . . . . . . . . . . . . . . 750,000

Noninstructional services . . . . . . . . . . . . . . . . . 490,000

Extracurricular activities . . . . . . . . . . . . . . . . . 51,000

Food service . . . . . . . . . . . . . . . . . . . . . . . . 365,000

Grants and contributions revenues—restricted

for capital asset acquisitions for specific functions:

Instructional departments . . . . . . . . . . . . . . . . 720,000

Support services . . . . . . . . . . . . . . . . . . . . . 55,100

Expenses:

Instructional departments . . . . . . . . . . . . . . . 34,000,000

Support services . . . . . . . . . . . . . . . . . . . . 27,000,000

Noninstructional services . . . . . . . . . . . . . . . .575,000

Extracurricular activities . . . . . . . . . . . . . . . . 1,340,000

Food service . . . . . . . . . . . . . . . . . . . . . . 1,880,000

Adult and community education . . . . . . . . . . . 884,000

Net position, January 1, 20X5:

Governmental activities . . . . . . . . . . . . . . . . 6,850,000

Business-type activities . . . . . . . . . . . . . . . . 1,400,000