Prepare a Statement of Activities for the Walland County School District for the year ended December 31, 20X5, given the following information. Assume that the classifications provided for expenses are the appropriate functional classifications to be presented in the statement.

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Property tax revenues Unrestricted grants and entitlements. Unrestricted contributions Unrestricted investment income Transfers from General Fund to Enterprise Funds Charges for services provided by: Instructional departments Support services Noninstructional services Extracurricular activities Food service (Enterprise Fund activity) Adult and community education (Enterprise Fund activity)... Grants and contributions revenues-restricted for specific operating costs of specific programs: Instructional departments Support services. Noninstructional services Extracurricular activities Food service Grants and contributions revenues-restricted for capital asset acquisitions for specific functions: Instructional departments Support services.. Expenses: Instructional departments Support services Noninstructional services Extracurricular activities Food service.. Adult and community education Net assets, January 1, 20X5: Governmental activities Business-type activities $48,000,000 11,200,000 80,000 790,000 100,000 1,050,000 440,000 10,000 320,000 1,500,000 844,822 800,000 750,000 490,000 51,000 365,000 720,000 55,100 34,000,000 27,000,000 575,000 1,340,000 1,880,000 884,000 6,850,000 1,400,000