Selected financial information of the City of Ashland, Oregon, is presented in the following table and narrative.
The information is for the year ended June 30, 20X6.

The charges for services were earned by departments associated with the following functions:

Finally, the operating grants were for public safety, $141,500; water, $43,622; and electric, $36,043. The capital grants were for public safety, $299,171, and highways and streets, $202,982.
Transfers from business-type activities to governmental activities of $518,138 were made during the year to subsidize the cost of a major general government capital project.

Required
a. Prepare a schedule to calculate the amount of Net Investment in Capital Assets, for governmental activities and for business-type activities that Ashland should report in its Government-Wide Statement of Net Position at June 30, 20X6. Assume that all bonds payable were issued to finance construction projects.
b. Prepare the Statement of Activities for the City of Ashland, Oregon, for the year ended June 30,20X6.

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Governmental Activities Business-Type Activities Account $7,574,073 $12,951,933 Cash and cash equivalents-Unrestricted... Cash and cash equivalents-Restricted by capital grant 1,700,000 8,559,612 19,563,238 12,405,182 41,047,189 798,324 33,506,950 1,945,107 21,782,188 636,103 80,305,280 2,998,341 28,803,335 587,720 1,475,373 40,366,88.3 300,000 Buildings . . . . Machinery and equipment. . . Infrastructure Accrued interest payable on bonds... 590,000 5,731,134 800,000 Bonds payable due in more than one year.. Capital lease liability Revenues: 7,820,613 141,500 502,153 256,648 2,970,566 2,323,390 1,784,302 1,525,220 Charges for services. Operating grants.. 22,205,195 79,665 . . 518,138 86,335 taxes. . Utility users tax... 1,573,251 State appropriations unrestricted... Expenses: 2,818,129 7,903,054 2,419,380 4,974,536 4,397,923 12,831,758 4,182,956 Water-... Wastewater . . .. Telecommunications..r.... Interest on long-term debt. . . Total Net Position, Beginning. .. 637,146 45,144 447 57,044,003 Restricted for use of departnent that generated the revenies Restricted for use by another department Not restricted for use by a particular department Revenues generated by departments in the function oj General government... Public safety .. Highways and streets.. Water Wastewater. .. Electric-* Telecommunications $2,000,000 2,215,629 1556,909 1,700,000 348,075 4,531,512 5,050,003 2,839,685 7,045,360 2,738,635