points) Scenario 3: Decatur Health Clinic had the following statement of financial positionfor fiscal year 20X?. Is the Statement presented in compliance with the FASB standards? If itis not presented in compliance with the FASB standards, prepare a list of corrections ormodifications to correct the statement. Download the Decatur Health Clinic Statement ofFinancial Position at the bottom of the page. Response: It levied and collected $1 million intaxes dedicated to the repayment of outstanding general obligation bonds. It billed sponsorsof a charityr bicycle ride $5,000 for providing police patrols during the ride. It recognized$60,000 of cash dividends on investments dedicated to the support of a county arts center. It