Everything is correct on the problem except for the blank space.

I need help figuring out the "Debt payments use current financial resources of governmental funds, but retiring debt decreases long-term liabilities in the statement of net position."

PLEASE HELP SOLVE THIS PART OF THE PROBLEM!!!

Exerclse 9.24 (Statlc) Change In Net Posltlon of Governmental Actlvitles [LO 9-4] Following is the Information concerning operating activity for Annette County. For the year ended June 30, the net change In total governmental fund balances was \$(289,200), and the change in net position of governmental actlititles was \$118,400. Durlng the year, Annette issued $3,000,000 in general obligation bonds at a premlum of 101 . The bonds are to be used for a construction project. The county acquired $3,750,000 In capltal assets and sold capltal assets with a book value of $550,000 for $570,600. At the beginning of the perlod, accrued llabilities related to long-term debt were $470,000 and at the end of the perlod, they totaled $494,000. Durling the perlod $500,000 of serlal bonds were retired. Depreclation on capltal assets totaled $603,000. Revenue accrued for the perlod but not avallable for use totaled $364,600. Required Prepare a reconcillation of the change In governmental fund balance to the change in net position of governmental activitles. (Decreases should be indicated with a minus sign.)