briefly state why you add verses subtract items

15. (Conversion to government-wide financial statements) Harlan City, a small city, is planning to issue its first set of GAAP financial statements for the year ended December 31, 2022. To prepare for the transition, the city comptroller wants to have a govem ment-wide statement of net position as of January 1, 2022, the beginning of the year. The available information includes extracts from the governmental funds portion of the balance sheet prepared as of December 31, 2021, together with other data necessary to prepare a government-wide statement of net position for governmental activities, using the economic resources measurement focus and accrual basis of accounting. The balance sheet for the combined governmental funds as of December 31, 2021, is as follows: $175,000 85,000 $260,000 Assets Cash.... Property taxes receivable. Total assets. Liabilities Accounts payable...... Accrued salaries and other expenses Total liabilities.... Deferred Inflows of Resources Deferred inflows of property taxes. Fund Balances Unassigned. Total liabilities, deferred inflows of resources, and fund balances $ 43,000 14,000 57,000 18,000 185.000 $260.000