The following information is available about items that differ between the governmental funds and the government-wide statements. Assume that there are no internal service funds. The schedule of capital assets prepared for the year ended December 31, 2012, includes the following items: Beginning Ending Government Activities Balance Additions Retirements Balance Total Capital Assets (at gross) $700,000 $50,000 $(25,000) $725,000 Less: Accumulated Depreciation (170,000) (30,000) 17.500 (182,500) Net Capital Assets $530,000 $20,000 $ (7,500) $542,500 The bond was issued at the beginning of the year, and the following amortization schedule is available. Interest Cash Premium Bond Date Expense Paid Amortization Balance 1/1/2012 $104,213 12/31/2012 6,253 7,000 747 $103,466 The net change in fund balances-total governmental funds was $1,100,000. Required: Prepare the reconciliation of the statement of revenues, expenditures, and changes in fund balances to the statement of activities on a government-wide basis for the year ended December 31, 2012