Problem $2$ Statement of Activities $($Worth $14$ Points$)$

Presented below is information for the governmental activities for the City of Pleasant Hill for the year ended December $31,20$X$9($all amounts are in thousands of dollars$).$

General property taxes revenue $$13,000$

Unrestricted grants $4,000$

Restricted grants for public safety $1,200$

Capital grants for highways $300$

Increase in fair value of investments $70$

Interest on investments $108$

Principal paid on general long$-$term liabilities $1,100$

Interest expense on general long$-$term liabilities $100$

Expenses:

General government $1,700$

Public safety $4,200$

Highways and streets $2,100$

Health and welfare $3,000$

Fees charged for health and welfare programs $270$

Transfer to Enterprise Fund $2,500$

Collection of interfund advance to Enterprise Fund $1,000$

Proceeds from sale of public safety vehicle $($book value of $$25)7$

Net position, governmental activities, January $1,20$X$93,017$

Requirement: Prepare in good form a statement of activities for governmental activities only for $20$X$9.$ Use the worksheet on the next page.