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Here is information on the results of operations of a local government for the current year: Change in fund balances, governmental funds $5,000,000 Increase in

Here is information on the results of operations of a local government for the current year:

Change in fund balances, governmental funds

$5,000,000

Increase in internal service net position

100,000

Payments of principal on general long-term debt

1,200,000

Proceeds from issuing general long-term debt

3,000,000

Outlays for general capital assets

2,500,000

Depreciation expense on general capital assets

400,000

The change in net position of governmental activities, reported on the government-wide statement of activities, is:

A.

$5,200,000

B.

$9,000,000

C.

$5,400,000

D.

$3,000,000

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