Harlan City, a small city, is planning to issue its first set of GAAP financial statements for the year ended December 31, 2022. To prepare for the transition, the city comptroller wants to have a government wide statement of net position as of January 1, 2022, the beginning of the year. The available information includes extracts from the governmental funds portion of the balance sheet prepared as of December 31, 2021, together with other data necessary to prepare a government-wide statement of net position for governmental activities, using the economic resources measurement focus and accrual basis of accounting. The balance sheet for the combined governmental funds as of December 31, 2021, is as follows: Harlan City Balance Sheet Assets Cash $175,000 Property taxes receivable 85,000 Total assets $260,000 Liabilities Accounts payable $43,000 Accrued salaries and other expenses 14,000 Total liabilities 57,000 Deferred Inflows of Resources Deferred inflows of property taxes 18,000 Fund Balances Unassigned 185,000 Total liabilities, deferred inflows of resources, and fund balances $260,000 The following additional information is available as of December 31, 2021: