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Problem 17-9 (LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June
Problem 17-9 (LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June 30, 2019. Expenses: General government. Public safety.. Public works... $1,300,000 240,000 1,000,000 Health and sanitation... 650,000 Culture and recreation.. 450,000 Interest on long-term debt, governmental type. 60,000 Water and sewer system.. 1,500,000 Parking system.. 45,000 Revenues: Charges for services, general government 100,000 Charges for services, public safety 25,000 Operating grant, public safety.... 70,000 Charges for services, health and sanitation.. 250,000 Operating grant, health and sanitation.. 150,000 Charges for services, culture and recreation. 200,000 Charges for services, water and sewer 1,800,000 Charges for services, parking system Property taxes 40,000 2,500,000 2,000,000 Sales taxes.. 30,000 Investment earnings, business-type Special item-gain on sale of unused land, governmental type 140,000 Transfer from governmental activities to business-type activities. 70,000 Net position, July 1, 2018, governmental activities 1,400,000 Net position, July 1, 2018, business-type activities. 2,500,000
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