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Problem 3- The following information was derived from the accounts and records of Mockingbird State University for 20X3. All amounts are in thousands of dollars
Problem 3- The following information was derived from the accounts and records of Mockingbird State University for 20X3. All amounts are in thousands of dollars Tuition and fees Total assessed.$4,000 Expected uncollectible Appropriations State 80 800 Auxiliary enterprises Sales 500 280 140 Salaries Other expenses Endowment income Restricted to research 370 Private gifts and grants Restricted to student scholarships Restricted to plant expansion Unrestricted 200 2,000 180 Expenses Instruction Research Student services 3,100 600 220 190 180 15 200 3,827 Institutional support Operation of plant Mortgage payment ($10,000 interest) Scholarships allowances Net positon, January 1, 20X3 Mockingbird State University reports as a special purpose government engaged only in business-type activities Requirement: Prepare a statement of revenues, expenses, and changes in net position for Mockingbird State University for 20X3 Page Break
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