Garden County provides the following information in order to prepare reconciliations between governmental fund financial statements and government-wide financial statements (fiscal year 1/1/2022 to 12/31/2022).

Total Fund Balance 12/31/22 $200,000

Total Change in Fund Balance for the year ending 12/31/22 $50,000

Capital Assets: 1) Acquisition value of 1/1/22 capital assets of $10,000,000 with an associated accumulated depreciation $5,200,000; 2) During 2022 Garden County purchased new capital assets equal to $1,000,000; 3) During 2022 Garden County sold capital assets with a book value of $30,000 for $32,000 cash; 4) 2022 Depreciation expense is equal to $500,000.

Bonds Payable: 1) Bonds Payable outstanding as of 1/1/22 is $3,200,000; 2) An additional issuance at face value during 2022 equals $400,000; 3) A repayment of bonds payable of $200,000 occurred during 2022.

Interest on LT Debt: 1) Accrued interest payable exists as of 12/31/2022 but was not accrued in the governmental fund (not due and payable) in the amount of $180,000.

Property taxes: All property taxes receivable were collected in 2022 with the exception of $80,000. Of that $80,000, $60,000 is expected to be collected within the first 60 days of 2023 and the remainder beyond that time period.

Part A: Prepare a reconciliation, between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position at 12/31/22. Use proper headings and show any supporting computations for full credit.

Part B: Prepare a reconciliation, between the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balance and the Government-wide Statement of Activities for the year ending 12/31/22. Use proper headings and show any supporting computations for full credit.