Problem 2 [10 points] Statement of Revenues, Expenses, and Changes in Fund Net Position Using the information provided below for the Electrical Utility Enterprise Fund of the City of Kemps Bay, prepare a statement of revenues, expenses, and changes in fund net position for 20X9. Charges for services $82,500 Interest received 2,625 Increase in fair value of investments. 300 200 Gain on sale of capital assets. Operating transfers from the General Fund. Capital Grant 11,250 30,000 Salaries expense. 25,000 Contractual services used. 7,500 Supplies used. 10,000 27,500 6,250 Depreciation Interest expense. Unrestricted Net Position, January 1, 20X9. Restricted Net Position, January 1, 20X9. Net Investment in Capital Assets, January 1, 20X9............. 25,000 5,000 45,000