Please bold answer in explanation

The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: $12,660,000 26,336,000 12,442,000 6,622,000 4,843,000 793,000 11,778,000 446,000 Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest long-term debt, governmental type Water and sewer system Parking system Revenues : Charges for services, general government Charges for services, public safety Operating grant, public safety Charges services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from business-type activities to governmental activities Net position, July 1, 2019, governmental activities Net position, July 1, 2019, business-type activities 1,432,000 229,500 872,300 2,574,200 1,322,100 2,401,500 12,660,400 423,400 29,585,200 22,586,400 354,400 1,362,800 763,700 8,946,100 2,509,500 From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units. (Negative amounts should be indicated by a minus sign.) From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units. (Negative amounts should be indicated by a minus slgn.) CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Expenses Charges for Operating Services Grants Net (Expense) Revenue and Change in Net Position Governmental Business-Type Total Activities Activities Functions/Programs Governmental Activities: Total Governmental Activities Business-Type Activities: Total Business-Type Activities Total General Revenues: Total General Revenues. Special Items, and Transfers