44. On January 1, Year 4, the government leased a police car for five years at $20,000 per year with the first payment being made on December 31, Year 4. This is a capitalized lease. Assume that, at a rea¬ sonable interest rate of 10 percent, the present value of a five-year annuity due is $62,000. In the government-wide financial statements, the government recorded a $20,000 increase in expense and a $20,000 reduction in cash as its only entry. In the fund-based financial statements, the government increased Expenditures by $20,000 and reduced Cash for $20,000 as its only entry.

a. According to the information provided, the overall increase in net assets reported was $ 140,000. What was the correct overall change in the net assets in the government-wide financial statements?

b. According to the information provided, the General Fund reported an increase of $30,000 in its fund balance. What was the correct change in the fund balance for the General Fund?