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:

The bond was issued at the beginning of the year, and the following amortization schedule is available.

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.

Beginning Balance Ending Balance Government Activities Additions Retirements Total Capital Assets (at gross) $700,000 $50,000 $ (25,000 $725,000 Less: Accumulated Depreciation Net Capital Assets 17.500 (182.500) $20,000 (7,500) $542,500 (30,000) $530,000 Interest Expense Cash Paid Premium Amortization Bond Balance Date $104,213 1/1/2012 12/31/2012 6,253 7,000 747 $103,466