For Year 1. Crescent City displayed an increase in proprietary fund net position of $380,000 and excess of revenues and other financing sources over expenditures and other financing uses for all governmental funds of $450,000. The government also maintained an internal service fund whose purpose was to provide maintenance services to general government buildings. The internal service fund had an increase in net position of $15,000. During the year, the governmental funds had the following: $500,000 Capital outlays... ..350,000 Proceeds from long-term debt (LTD) issue. 45,000 Principal payments on LTD......... 14,000 Interest expenditures on LTD. .75,000 Depreciation expense on governmental assets. Proceeds from the sale of land (net book value $150,000).........190,000 Calculate the increase (decrease) in net position displayed in the government-wide statement of activities for governmental activities. SHOW WORK FOR PARTIAL CREDIT. For Year 1. Crescent City displayed an increase in proprietary fund net position of $380,000 and excess of revenues and other financing sources over expenditures and other financing uses for all governmental funds of $450,000. The government also maintained an internal service fund whose purpose was to provide maintenance services to general government buildings. The internal service fund had an increase in net position of $15,000. During the year, the governmental funds had the following: $500,000 Capital outlays... ..350,000 Proceeds from long-term debt (LTD) issue. 45,000 Principal payments on LTD......... 14,000 Interest expenditures on LTD. .75,000 Depreciation expense on governmental assets. Proceeds from the sale of land (net book value $150,000).........190,000 Calculate the increase (decrease) in net position displayed in the government-wide statement of activities for governmental activities. SHOW WORK FOR PARTIAL CREDIT