I need help with requirement C

statement of fiduciary net position

The City of Sweetwater maintains an Employees' Retirement Fund, a single-employer defined benefit plan that provides annuity and disability benefits. The fund is financed by actuarially determined contributions from the city's General Fund and by contributions from employees. Administration of the retirement fund is handied by General Fund employees, and the retirement fund does not bear amy administrative expenses. The Statement of Fiduciary Net Position for the Employees' Retirement Fund as of July 1, 2019, is shown here: During the year ended June 30,2020 , the following transactions occurred: 1. The interest recelvable on investments was collected in cash. 2. Member contributions in the amount of $260,000 were received in cosh. The city's General Fund also contributed $830,000 in cash. 3. Annulty benefits of $740,000 and disability benefits of $172.000 were recorded as liabilities. 4. Accounts payable and accrued expenses in the amount of $990,000 were paid in cash. 5. Interest income of $235,000 and dividends in the amount of $40,000 were received in cash. in addition, bond interest income of $45.000 was accrued at year-end. 6. Refunds of $68,000 were made in cash to terminated, nonvested participants. 7. Common stocks, carried at a fair value of $500,000, were sold for $475,000. That $475,000, plus an additional $305.000, was invested in stocks. 8. At year-end, It was determined that the faif value of stocks held by the pension plan had decreased by $42.000, the fair value of bonds had increased by $33,000. 9. Nominal accounts for the year were closed a. Record the transactions on the books of the Employees' Retirement Fund. b. Prepare a Statement of Changes in Fiduclary Net Position for the 'Employees' Retirement Fund for the year ended June 30,2020. c. Prepare a Statement of Fiduclary Net Position for the Employees' Retirement Fund as of June 30, 2020. Complete this question by entering your answers in the tabs below. Record the transactions on the books of the Employees' Retirement Fund. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Prepare a Statement of Changes in Fiduciary Net Position for the Emplos 2020. (Amounts to be deducted should be indicated with a minus sign.) Required A Required B Prepare a Statement of Fiduciary Net Position for the Employees'R CTIY OF SWEETWATER Employees' Retirement Fund Statement of Fiduciary Net Position As of June 30,2020 Assets Cash Accrued Interest Receivable Investment in US Bonds Investment in US Securities \begin{tabular}{|l|} \hline \multicolumn{1}{|c|}{ Total Assets } \\ \hline Liabilities \\ \hline Accounts Payable and Accrued Expenses \\ \hline \end{tabular} Total Liabilities 5 Fiduciary Net Position Total Net Position 3 0