Journal entries and statements for a Pension Trust Fund b$)$ Prepare a statement of changes in fiduciary net position for the fund for $2022.$

Enter contribution, investment income, and deduction accounts in order of magnitude $($largest to smallest$).$

$\backslash$table$[[\backslash$table$[[$City of Green Meadows$],[$Pension Trust Fund$],[$Employees Retirement Fund$],[$Statement of Changes in Fiduciary Net Position$],[$For the Year Ending December $31,2022]]],[$Additions$,,],[$Contributions:$,,],[,$$$491,250,],[$Plan member contributions $=>,258,750,],[$Total contributions,,$$750,000],[$Investment income:,,$],[,3,950,000\backslash$times $,],[$Net increase in lair value of investments $,1,000,000,],[,850,000,],[$Net investment income,,$0\backslash$times $],[$Total additions,,$3,725,000\backslash$times $],[$Deductions:$,,],[$Benefit payments Total deductions,,$3,675,000],[$Net increase in fiduciary net position $,,0\backslash$times $],[$Net position restricted for pensions:,,$],[$Beginning of year,,$50,825,500],[$End of year,,$$0]]$

c$)$ Prepare a statement of fiduciary position as of December $31,2022$

Enter accounts in the order listed in Retirement Fund's trial balance.

$\backslash$table$[[\backslash$table$[[$City of Green Meadows$],[$Pension Trust Fund$],[$Employees Retirement Fund$],[$Statement of Fiduciary Net Position$],[$December $31,2022]]],[$Assets:$,,],[,552,500\backslash$times $,],[,510,000,],[,32,075,000\backslash$times $,],[,51,425,500\backslash$times $,],[$Total assets,,$$84,100,500\backslash$times $],[$Liabilities:$,,],[$Accrued expenses,,$25,000],[$Net position restricted for pensions,,$$84,075,500\backslash$times $]]$

Partially correct

Marks for this submission: $3\mathrm{.}32/4\mathrm{.}00.$

The city of Green Meadows has had an employee pension fund for several years.

The following is a trial balance for the fund at December $31,2021$:

The following transactions and events occurred in $2022$ :

Contributions from the General Fund totaled $$750,000$; included in this amount was $$258\mathrm{.}750$

from the employees and $$491,250$ from the city.

Corporate stocks costing $$500,000$ were purchased.

The fund collected interest accrued as of December $31,2021.$ Investment income for $2022$

totaled $$4,800,000,$ of which $$4,290,000$ was collected in cash.

Investment income earned in $2022$ included dividends of $$850,000,$ and the remainder

was interest.

Employee retirement benefits of $$3,500,000$ were paid.

Additional U$.$S$.$ government securities totaling $$1,100,000$ were acquired.

Costs of operating the plan were $$175,000$; of this amount $$150,000$ was paid in cash, and the

remainder was accrued. The accrued expenses at the beginning of the year were also paid.

These expenses were administrative in nature.

U$.$S$.$ government securities that had a book value of $$500,000$ were redeemed

for $$600,000.$

The market value of the corporate stocks at the end of the year increased by $$1,000,000.$