Financial statements for an Investment Trust Fund

The Investment Trust Fund for Watson County had the following transactions and events during the calendar year 2022: 1. The cities of Turtle Creek and Pineview contributed $132,000 and $88,000 respectively, to an Investment Trust Fund operated by Watson County. 2. Investments totaling $165,000 were purchased. 3. Interest income from the investments during the year totaled $17,600. 4. The fund paid $3,300 to the county for investment management fees. 5. The investments increased in value by $6,600 6. Total income of $22,000 was paid to the two cities. Using the above information, prepare a statement of changes in fiduciary fund net position and a statement of fiduciary fund net position for Watson County for its fiscal year ending December 31, 2022. (Assume that Watson Countys net position at the beginning of the year was zero.) Enter investment earnings in order of magnitude (largest to smallest dollar amounts).

Watson County
Investment Trust Fund
Statement of Changes
in Fiduciary Net Position
For the Year Ended December 31, 2022
Additions
		Answer
Investment earnings:
.	Answer
	Answer
	-3,300
Net investment earnings		Answer
Total additions		Answer
Deductions
.		Answer
		Answer
Net positionbeginning of the year		Answer
Net positionend of the year		Answer

Watson County
Investment Trust Fund
Statement of Fiduciary Net Position
December 31, 2022
Assets
Cash	Answer
	Answer
Total assets	Answer
Net Position
	Answer