Complete problem 15-24 Financial Statements-Public College images have been attached below: Required a. Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30,2023 , in good form. See Illustrations 152 and 7-7; however, display expenses using functional classifications as shown in Illustration 155. b. Prepare a statement of net position as of June 30,2023 , in good form. For the period, net position restricted for capital projects increased by $3,000, and net position restricted for debt service increased by $150; all bonded debt relates to capital assets. See Illustration 15-1. c. Prepare a statement of cash flows for the year ended June 30,2023 . Information on changes in assets and liabilities is as follows: Accounts Receivable (net) increased by \$2,551; Due from State decreased by $14,842; Inventories increased by $23; Accounts Payable and Accrued Liabilities increased by $1,962; and Uncarned Revenue decreased by $1,763. See Illustration 153. WILSON STATE COLLEGE Preclosing Trial Balance June 30, 2023 (000s omitted) Cash and Cash Equivalents Investments Accounts Receivable Allowance for Doubtful Accounts Due from State Inventories Cash and Cash Equivalents-Restricted Investments-Restricted Depreciable Captal Assets Accumulated Depreciation Nondepreciable Assets Accounts Payable Accrued Llabilities Uneamed Revenue Compensated Absences-Current Portion Bonds Payable Compensated Absences Net Position-Net investment in Capital Assets Net Position-Restricted for Debt Service-Expendable Net Position-Restricted for Capital Projects-Expendable Net Position-Restricted for Endowment-Nonexpendable Net Postion-Unrestricted Tultion and Fees Tuition and Fees Discount and Allowences \begin{tabular}{rr} \multicolumn{1}{c}{ Debits } & Credits \\ \hline$3,278 & \\ 29,387 & \\ 1,957 & \\ & \\ 79,626 & 137 \\ 869 & \\ 6,716 & \\ 71,883 & \\ 184,620 & \\ & 28,850 \\ 89,481 & 2,306 \\ & 2,039 \\ & 13,789 \\ & 1,538 \\ & 92,116 \\ & 37,662 \\ & 158,715 \\ & 1,157 \\ & 49,272 \\ & 39,959 \\ & 36,559 \\ & 30,095 \\ & \end{tabular} Complete problem 15-24 Financial Statements-Public College images have been attached below: Required a. Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30,2023 , in good form. See Illustrations 152 and 7-7; however, display expenses using functional classifications as shown in Illustration 155. b. Prepare a statement of net position as of June 30,2023 , in good form. For the period, net position restricted for capital projects increased by $3,000, and net position restricted for debt service increased by $150; all bonded debt relates to capital assets. See Illustration 15-1. c. Prepare a statement of cash flows for the year ended June 30,2023 . Information on changes in assets and liabilities is as follows: Accounts Receivable (net) increased by \$2,551; Due from State decreased by $14,842; Inventories increased by $23; Accounts Payable and Accrued Liabilities increased by $1,962; and Uncarned Revenue decreased by $1,763. See Illustration 153. WILSON STATE COLLEGE Preclosing Trial Balance June 30, 2023 (000s omitted) Cash and Cash Equivalents Investments Accounts Receivable Allowance for Doubtful Accounts Due from State Inventories Cash and Cash Equivalents-Restricted Investments-Restricted Depreciable Captal Assets Accumulated Depreciation Nondepreciable Assets Accounts Payable Accrued Llabilities Uneamed Revenue Compensated Absences-Current Portion Bonds Payable Compensated Absences Net Position-Net investment in Capital Assets Net Position-Restricted for Debt Service-Expendable Net Position-Restricted for Capital Projects-Expendable Net Position-Restricted for Endowment-Nonexpendable Net Postion-Unrestricted Tultion and Fees Tuition and Fees Discount and Allowences \begin{tabular}{rr} \multicolumn{1}{c}{ Debits } & Credits \\ \hline$3,278 & \\ 29,387 & \\ 1,957 & \\ & \\ 79,626 & 137 \\ 869 & \\ 6,716 & \\ 71,883 & \\ 184,620 & \\ & 28,850 \\ 89,481 & 2,306 \\ & 2,039 \\ & 13,789 \\ & 1,538 \\ & 92,116 \\ & 37,662 \\ & 158,715 \\ & 1,157 \\ & 49,272 \\ & 39,959 \\ & 36,559 \\ & 30,095 \\ & \end{tabular}