Question 14 Not complete Marked out of 30.00 Capital asset adjustments for government-wide financial statements Oliver City reported capital assets of $6,450,000 and accumulated depreciation of $3,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2021. The total governmental funds column in Oliver's calendar year 2022 statement of revenues, expenditures, and changes in fund balances showed that Oliver's capital outlay expenditures were $510,000. Oliver City's director of finance estimated that total depreciation for 2022 was $300,000 Based on the above information, prepare journal entries to adjust Oliver's 2022 fund financial statements so government-wide statements can be prepared. Enter accounts in order of magnitude (largest to smallest amounts), debits first. If no entry is necessary, select 'No debit (or credit) entry needed in the account fields and enter in the amount fields. Account Debit Credit 0 600 0 0 OOO To adjust for beginning balances. 0 :) :) OO 0 To adjust for capital outlay expenditures 0 :) :) oo 0 To record 2022 depreciation