Preparation of proprietary funds statement of revenues, expenses, and changes in net position.

The City of Breukelen maintains a rapid transit system (RTS), which is accounted for in a proprietary fund called Breukelen RTS.

The following account balances were taken from the trial balance of Breukelen RTS: City of Breukelen RTS

City of Breukelen RTS
Selected balances, December 31, 2022
Revenues from fares	$3,150,000
Train operating expenses	2,430,000
Track and train maintenance expenses	565,000
Depreciation expense	325,000
Investment income	50,000
Interest expense on long-term debt	320,000
Cash subsidy from the City of Breukelen	500,000
Net position, January 1, 2022	7,430,000

Prepare a statement of revenues, expenses, and changes in net position for Breukelen RTS for the year ended December 31, 2022, using the account balances listed above. Enter operating expenses and nonoperating income (expenses) in order of magnitude (largest to smallest).