PLEASE complete the form above!! Please and thank you so much

The following trial balance for City of Happyday represents accrual data for governmental activities taken from the completed conversion worksheet: $ Account Debits Credits Cash 400,000 Investment 800,000 Property Taxes receivable (net) 250,000 Capital Assets (net) 5,950,000 Expenses-General Government 1,230,000 Expenses- Public Safety 950,000 Expenses- Parks & Recreation 530,000 Expenses- Interest 175,000 Transfers Out to Business Activities 200,000 Accounts Payable & other current liabilities $ 85,000 LT Compensated Absences Liability 1,200,000 Capital Leases payable 750,000 Bonds Payable ( City Hall construction) 2,000,000 Premium on bonds 15,000 Net Position at beginning of year 1,975,000 Property Tax Revenues 3,700,000 Special Items- Gain on land 300,000 Park Fees 195,000 Grant for Police Training 215,000 Investment Earnings 50,000 $ 10,485,000 $ 10,485,000 Requirements: 1. Complete the activity statement (L-shaped) included on the next page of the test booklet. 2. Prepare the statement of net position that complies with GASB #34 requirements for governmental activities only. Use the exam itself for your answers. Make sure you separate the ending net position into the appropriate sub-categories. If applicable, a deficit net position is shown in (brackets). Prepare the statement of net position that complies with GASB #34 requirements for governmental activities only. Download the excel file, complete the file, save the file on your computer, and upload the saved file. Ff A B 1 Maximum file size: 500MB, maximum number of files: 1 City of Happyday Statement of Net Position Governmental Activities Assets Total Assets Liabilities Total Liabilities Net Position