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.

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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