Western State University had the following account balances for the year ended and as of June 30, 2015. Debits are not distinguished from credits, so assume all accounts have a "normal" balance.

Prepare, in good form, a Statement of Revenues, Expenses, and Changes in Net Position for Western State University for the year ended June 30, 2015.

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Student tuition and fee revenue Scholarship tuition and fee contra revenue Scholarships and fellowships expense State appropriation for operations Auxiliary enterprise revenue Salaries-faculty Capital appropriations Depreciation expense Salaries-exempt staf Capital grants and gifts Benefits $9,020,000 920,000 988,000 10,000,000 9,200,000 9,030,000 300,000 3,276,000 5,432,000 1,110,000 3,600,000 1,221,000 4,729,000 898,000 1,345,000 920,000 873,000 2,982,000 1,870,000 1,500,000 Federal grants and contracts revenue Nonexempt wages State and local grants and contracts revenue Gifts Additions to permanent endowments Investment income Other operating expenses Interest on capital-related debt Net position, beginning of year