Following is the governmental activities preclosing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has only governmental funds (i.e., it uses no proprietary funds). There are no component units. To complete the financial statements for its annual report, the town must prepare a government-wide statement of net position and a statement of activities. TOWN OF FREAZ Preclosing Trial Balance As of June 30, 2023 (000s omitted) Debits Credits Cash $ 3,655 Investments 7,315 Taxes ReceivableDelinquent 5,804 Allowance for Uncollectible Delinquent Taxes $ 65 Due from Other Funds 661 Due from Other Governments 6,375 Land 8,800 Buildings 25,840 Accumulated DepreciationBuildings 8,037 Infrastructure 85,800 Accumulated DepreciationInfrastructure 45,635 Machinery & Equipment 28,880 Accumulated DepreciationMachinery & Equipment 13,865 Accounts Payable 6,954 Accrued Liabilities 4,845 Due to Other Funds 780 Current Portion of Long-term Debt 8,760 Bonds Payable 29,500 Net PositionNet Investment in Capital Assets 45,093 Net PositionRestricted for Debt Service 2,203 Net PositionUnrestricted 6,630 Program RevenuesGeneral GovernmentCharges for Services 4,427 Program RevenuesPublic SafetyCharges for Services 1,060 Program RevenuesCulture & RecreationCharges for Services 375 Program RevenuesGeneral GovernmentOperating Grants & Contributions 323 Program RevenuesPublic WorksCapital Grants & Contributions 1,712 General RevenuesProperty Taxes 13,745 General RevenuesInterest & Penalties 778 General RevenuesInterest Income 425 ExpensesGeneral Government 2,500 ExpensesPublic Safety 11,625 ExpensesPublic Works 5,327 ExpensesCulture & Recreation 1,865 ExpensesInterest on Long-term Debt 765 $ 195,212 $ 195,212 The restricted net position for debt service increased $119 for FY 2023. The net position accounts do not reflect FY 2023 depreciation of $1,570 that was allocated to the functions of government. (All 000s omitted.) Required Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers in thousands.) Using the trial balance provided by the town, prepare a government-wide statement of activities. (Enter your answers in thousands. Deductions should be indicated by a minus sign.)