The following information was available about items that differed 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, included the following items:

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

The total fund balances for governmental activities was $3,125,000 at the end of the year.

Required:
Prepare the reconciliation of the governmental fund balances to the net assets reported for governmental activities on the Statement of Net Assets as of December 31,2012.

Beginning Balance Ending Balance Government Activities Additions Retirements Total Capital Assets (at gross) $800,000 $60,000 $(30,000 $830,000 Less: Accumulated Depreciation Net Capital Assets (200,000) $600,000 (40,000) $20,000 22,500 (217500) $ (7,500) $612,500 Interest Expense Cash Paid Premium Amortization Date Balance $104,213 1/1/2012 12/31/2012 $6,253 $7,000 $747 $103,466