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Preparation of pension fund statement of changes in fiduciary net position Culver City s Pension Trust Fund had the following acccount balances as of December

Preparation of pension fund statement of changes in fiduciary net position
Culver Citys Pension Trust Fund had the following acccount balances as of December 31,2022:
Culver City Pension Trust Fund - Select Account Balances
Employer contributions $2,750,000
Employee contributions 444,000
Retiree benefits 5,804,000
Administrative expenses 188,000
Interest and dividends 3,248,000
Net increase in fair value of investments 7,546,000
Investment expenses 280,000
Net position, beginning of year 90,936,000
Prepare a statement of changes in fiduciary net position for the year using theaccount balances listed above.
Enter contributions, investment income, and deductions in order of magnitude
(largest to smallest).

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