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Preparation of pension fund statement of changes in fiduciary net position Use the following information to prepare a statement of changes in fiduciary net position

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Preparation of pension fund statement of changes in fiduciary net position Use the following information to prepare a statement of changes in fiduciary net position for Culver City's Pension Trust Fund as of December 31, 2019, using the appropriate format. Employer contributions $1,375.000 Employee contributions Retire benefits 2.902.000 Administrative expenses 94000 Interest and dividends Net increase in fair value of investments 3,773,000 Investment expenses D140.000 Net position, beginning of year 45,468,000 1.624.000 Instructions 1. Use the drop-down options and the fill in the blank boxes to complete the financial statement 2. If applicable, use a negative sign with your answer to indicate a Decrease in plannet position. Otherwise do not use negative signs with your answers. 3. For the indented drop-down answer boxes, if there are two possible correct answers, select answers in the order that they appear in the above table. Culver City Pension Trust Fund Statment of Changes in Fiduciary Net Position for the Year Ended December 31, 2019 Additions Contributions Employer 375,000 Employee Total contributions interest and didend income Net increase in t ale of investments Total investment income Lessivement expense Decrease in plannet position Total deductions Deductions penses increase in plannat p o End of you Nepouton, held in run for benefits

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