Prepare a statement of revenues expenditures and changes in net position. Hint:Interest Expense should be considered a nonoperating item

For year 2020 Debits Credits $ 297,262 153,821 $ 7.100 2,800 74,583 600,000 1,650,000 892,500 1.735, 700 Eash Customer Accounts Receivable Allowance for Doubtful Accounts Due from other Funds inventories 2 Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation Equipment Vouchers Payable Accrued Payroll and Fringe Benefits Accrued Interest Payable Revenue Anticipation Notes Current Revenue Anticipation Notes Long-Term Net Position-Net investment in Capital Assets Net Position-Unrestricted charges for Services 5 Payroll and Fringe Benefits Expense Materials and Supplies Expense Depreciation Expense Provision for Doubtful Accounts Interest Expense Totals for all accounts 889,680 92,900 175,264 3,500 100,000 100,000 2,043,510 212,520 2,584,662 1.471.923 875, 797 175,290 960 3,500 $7,041,636 $7,041,636 Pre Closing