Question 2 Not complete Marked out of 10.00 P Flag question Preparation of proprietary funds statement of revenues, expenses, and changes in net position The City of Breukelen maintains a rapid transit system (RTS), which is accounted for in a proprietary fund called Breukelen RTS. The following account balances were taken from the trial balance of Breuklen RTS: City of Breukelen RTS Selected balances, December 31, 2022 Revenues from fares $2,520,000 Train operating expenses 1,944,000 Track and train maintenance expenses 452.000 Depreciation expense 260,000 Investment income 40,000 Interest expense on long-term debt 256.000 Cash subsidy from the City of Breukelen 400,000 Net position, January 1, 2022 5,944,000 Prepare a statement of revenues, expenses, and changes in net position for Breukelen RTS for the year ended December 31, 2022 using the account balances listed above. Enter operating expenses and nonoperating income (expenses) in order of magnitude (largest to smallest). The City of Breukelen Breukelen RTS Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended December 31, 2022 Operating revenues: Fare revenue $ 2,520,000 Operating expenses: Train operating expenses $ 1,944,000 Track and maintenance expenses 452,000 Depreciation expense 260,000 Total operating expenses 2,520,000 0 Nonoperating income (expenses): 0 + 0 0 0 0 Total nonoperating income (expenses) Income (loss) before transfer 0 . a 0 0 0 Net position at end of year $ 0 Check