The following schedule of capital assets was prepared for Capital City.

All capital acquisitions were made in a capital projects fund (and paid for with cash). An asset was sold by the general fund for $65,000 cash.

Required:
Determine how the above information will be reflected on each of the following statements for the year 2012.
1. The governmental funds’ statement of revenue, expenditures, and changes in fund balances. List the governmental fund and then list the dollar amount within the appropriate heading on the statement (such as Revenues, Expenditures, or Other Financing Sources(Uses)).
2. The government-wide statement of net assets.
3. The government-wide statement ofactivities.

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Beginning Balance Ending Balance Government Activities Additions Retirememts Total Capital Assets Less: Accumulated Depreciation Net Capital Assets (gross) $500,000 100,000 (75,000) $525,000 (200,000) $300,000 (30,000) 70,000 25,000 (205,000) (50,000) $320,000