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Bunson Township was incorporated on January 1, Year 1, and is preparing its government-wide financial statements for the year ended December 31, Year 1. The

Bunson Township was incorporated on January 1, Year 1, and is preparing its government-wide financial statements for the year ended December 31, Year 1. The governmental funds displayed a combined change in fund balance of $500,000 for that year and also had the following balances, data, or transactions: Capital outlay of $250,000 partially funded by long-term debt proceeds of $225,000; Current year depreciation of $60,000 on a capital asset base of $1,200,000; Principal payments (on debt) of $40,000; Interest payments (on debt) through October 1 of $30,000; Principal payments of $10,000 incurred through December 31 but paid on January 2; Interest payments of $7,500 incurred through December 31 but paid on January 2; Sales tax revenues of $30,000 associated with December 31, Year 1 sales remitted to the State in February and paid to the Township in March. The government-wide changes in net assets would be displayed as

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