12/31 and the bona premum is a 5. The City of Thomasville maintains its books so as to prepare fund accounting statements and prepares worksheet adjustments in order to prepare government wide financial statements. Required: You are to prepare, in journal form, worksheet adjustments for each of the following situations. A. General fixed assets, as of the beginning of the year, which had not been recorded, were as follows: Land Buildings Improvements other than buildings Equipment Accumulated depreciation, capital assets $ 60,000,000 542,000,000 245,000,000 85,000,000 248,400,000 B. During the year, expenditures for capital outlays amounted to $12,825,000. Of that amount, $10,710,000 was for buildings: $1,755,000 was for improvements other than buildings, $ 9,000 was capitalized interest and the remainder was for land. Page C. The capital outlay expenditures outlined in (B) were com putlay expenditures outlined in (B) were completed at the end of the year (no depreciation until next year). For purposes of finan presentation, all capital assets are depreciated using the sun lated salvage value. Estimated lives are as follows: buildings, 50 years; improvements other than buildings. 20 vears, equipment, 1 years. D. Equipment with a cost of $110.000 and accumulated depreciation at the time of sale of $60,000 was sold for $25,000