Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2022. During 2023, Sai-Tu Village sold $500,000 of new general obligation bonds and repaid $300,000 of bonds outstanding at the beginning of the year. Certain journal entries were required before government-wide financial statements could be prepared. Complete the sections of the reconciliation of the governmental fund to government-wide financial statements related to those entries. Enter reductions as negative amounts. Partial Reconciliation of Governmental Funds Balance Sheet to Government-wide Statement of Net Position Amounts reported in the statement of net position are different because: Bonds payable are in the current period and, therefore, in the funds. $ Partial Reconciliation of Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to Government-Wide Statement of Activities Amounts reported in the Funds statement are different because: Bond proceeds provide current funds. Issuing debt and debt repayments are expenditures in liabilities (and repaying debt The amount by which current period is s them) in the statement of net position. exceeded in the