Presented here is the Preclosing Trial Balance for the Pension Trust Fund for the City of Rockville, Maryland, as of June 30, 20X6. Assume that the fair market value of investments has increased by $5,163,179 over their original cost and that the adjustment for this increase is not reflected in the trial balance shown.

Required
1. Prepare the necessary journal entry to reflect the increase in the fair market value of the investments. Assume this is the only adjusting entry necessary.
2. Prepare a Statement of Fiduciary Net Position for the Pension Trust Fund as of June 30, 20X6.
3. Prepare a Statement of Changes in Fiduciary Net Position for the fiscal year ended June 30,20X6.

City of Rockville, Maryland Pension Trust Fund Preclosing Trial Balance June 30, 20X6 Dr. Cr. 3,737051 Cash Investments... Accrued liabilities Employer 59,657923 $ 25,300 1,901,030 1,532,400 25,226 Interest and dividends. Benefits paid 30,914 Administrative expenses.... Net position-restricted for pension benelits . 62,577061