Question: Novak issued an 8 % , 1 0 - year $ 1 , 8 0 0 , 0 0 0 bond to build a monorail

Novak issued an 8%,10-year $1,800,000 bond to build a monorail mass transit system. The city received $1,578,796 cash from the bond issuance on January 1,2025. The bond yield is 1%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below.
A government wide statement of activities and statement of net position need to be created based off of the attached information.
Novak issued an 8 % , 1 0 - year $ 1 , 8 0 0 , 0

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