Please highlight or bold answer in explanation

The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: $10,040,000 23,600,000 12,490,000 6,270,000 4,263,000 1,027,000 12,150,000 420,000 Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from governmental activities to business-type activities Net position, July 1, 2019, governmental activities Net position, July 1, 2019, business-type activities 1,141,000 1,470,000 704,000 2,415,000 1,270,000 2,201,000 13,338,000 296,000 27,712,000 21, 298,000 316,000 1,275,000 869,000 12,822,000 22,933,000 From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units. (Negative entries should be entered with a minus sign and will appear in parenthesis.) CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total Governmental Activities: $ 0 0 0 0 Tooloid Total Governmental Activities $ 0 $ 0 $ 0 $ 0 $ 0 $ Business-Type Activities: $ 0 0 0 $ 0 $ 0 $ 0 0 $ 0 $ 0 Total Business-Type Activities Total Primary Government $ $ 0 $ 0 $ 0 $ 0 $ 0 General Revenues: $ 0 0 0 0 0 0 $ 0 0 $ 0 $ 0 Total General Revenues, Special Items, and Transfers Change in Net Position Net Position, Beginning of Year Net Position, End of Year 0 $ 0 $ 0 lo 0