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Question 5 Partially correct Mark 1.89 out of 2.50 P Flag question Edit question Preparation of government-wide statement of activities Hamilton Township has governmental activities but no business-type activities. The following information is taken from Hamilton Township's December 31, 2022, trial balance after all adjustments were made for preparation of the government-wide financial statements. $3,250,000 2,175,000 410,000 250,000 50,000 75,000 - Hamilton Township Trial Balance Revenues-property taxes Revenues-sales taxes State operating aid police program State operating aid town road maintenance State capital aid-town road maintenance Feessanitation Fees-programs for youth and seniors Feesparks admissions Revenue from sale of donated property General government expenses Police program expenses Road maintenance program expenses Sanitation program expenses Parks and recreation program expenses Youth and senior program expenses Net position beginning of year 65,000 85,000 425,000 625,000 2,615,000 975,000 1,410,000 525.000 325,000 3,125.000 Using the appropriate format prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. (Assume that revenues from sales of donated property are reported as special items.) Enter revenues in order of magnitude (largest to smallest) Hinrilt 3.125,000 Net position-beginning of year Using the appropriate format, prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. (Assume that revenues from sales of donated property are reported as special items.) Enter revenues in order of magnitude (largest to smallest) Hamilton Township Statement of Activities For the Year Ended December 31, 2022 Program Revenues Net (Expenses) Revenues and Functions Expenses Charges for Services Operating Grants Capital Grants Changes in Net Position 0 6,050,000 X General government 0$ 5,425,000 x $ 625,000 $ Police 2,615,000 0 410,000 0 3,025,000 X Road maintenance O 975,000 1,275,000 X 250,000 50,000 Sanitation 1,410,000 75,000 0 O 1,485,000 x Parks and recreation 525,000 85,000 0 0 610,000 X Youth and senior 325,000 65,000 0 07 390,000 X Total government $ 6,475,000 $ 5,650,000 X $ 660,000 $ 50,000 $ 12,835,000 X General revenues: Property taxes 5 3,250,000 Sales taxes 2,175,000 Special item-revenue from sale of donated property 425,000 Total general revenues and special items 5,850,000 Change in net position 6,985,000 X Net position at beginning of year 3,125,000 Net position at end of year $ 3.860,000 X Previous O O a w SAMSUNG