Marigold issued an 7%, 10-year $2,100,000 bond to build a monorail mass transit system. The city received $1,830,458 cash from the bond issuance on January 1, 2025. The bond yield is 9%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below.

Using the information above, prepare a statement of activities and the statement of net position on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide statement of net position is $2,614,542.