36. Preparation of the statement of activities The City of Tuscola reports the following revenues for the fiscal year: Real estate and personal property taxes $75,401 Motor vehicle and other excise taxes 3,692 Grants and contributions not restricted 3,634 The City also reports the following revenues from fees it charges for services and operating grants and contributions it has received during the year as well as expenses it has incurred, categorized by gover- mental activity: Charges for Operating Grants Services and Contributions Expenses $ 580 308 Functions/Programs Primary government Governmental activities: General government... Public safety. Education .. Public works Human services Library...... Pension and benefits Interest .... Total governmental activities $ 409 1,175 1,092 87 850 66 5,524 195 138 96 4,110 $ 6,969 8,237 59,867 3,465 2,012 1,292 5,532 1,275 $88,649 $3,679 $10,951 The City manages two business-type activities: a sanitation department which oversees solid and liquid waste disposal and a municipal pool. Both of these activities charge users a fee that is set at the begin- ning of the year at a level that is anticipated to cover the costs of providing the service. These fees can- not be changed during the year. As a result, these activities may produce a net profit or loss for the year, depending on the level of operating costs. The revenues and expenses for these services are provided in the following table: Charges for Services Expenses Functions/Programs Business-type activities: Sanitation .... Municipal pool. $5,961 524 $6,485 $3,407 742 $4,149 Prepare the City of Tuscola's statement of activities for the year (assume a beginning balance for net position of $175,638 for governmental activities and $35,554 for business-type activities)