Prepare a statement of changes in fiduciary net position for the fiscal year ending December 31, 2022.

Prepare a statement of fiduciary net position as of December 31, 2022. (Assume that this is the first year of operations for this Trust Fund.)

The City of Tuffy is the trustee and custodian for cash collected from fees charged by a local nonprofit cemetery association. The fees are paid by individuals and are dedicated for cemetery plot maintenance for these individuals based on benefit terms enumerated in the trust. The activity is administered through the Cemetery Care Private-Purpose Trust, which has its own board of directors. The following transactions and events occurred in the Trust Fund during the year. 1. Fees of $14,000 are collected. 2. Some of the cash collected ( $10,000) is invested in a certificate of deposit (CD). 3. A lawn care company is paid $1,500 for cemetery plot maintenance. 4. An accountant is paid $500 for bookkeeping services. 5. The CD matures with interest earnings of $400. 6. A new CD in the amount of $10,000 is purchased. 7. The lawn care company is owed an additional $500 for cemetery plot maintenance performed in 2022.