A county government has an investment in securities, purchased for $70,000, with a current fair value of $87,500. How is this investment reported on a governmental funds balance sheet and on a proprietary funds statement of net position? Select one: a. Governmental Funds Proprietary Funds $70,000 $87,500 b. Governmental Funds Proprietary Funds $70,000 $70,000 c. Governmental Funds Proprietary Funds $87,500 $87,500 d. Governmental Funds Proprietary Funds $87,500 $70,000