The City of Bernard starts the year of $2024$ with the following unrestricted amounts in its general fund: cash of $$26,000$ and investments of $$86,750.$ In addition, it holds a small building bought on January $1,2023,$ for general government purposes for $$366,000$ and a related long$-$term debt of $$292,800.$ The building is depreciated on the straight$-$line method over $10$ years. The annual interest rate on the debt is $10$ percent. The general fund has four separate functions: general government, public safety, public works, and health and sanitation. Other information includes the following:Receipts:Property taxes $ $563,000$Sales taxes $108,100$Dividend income $24,000$Charges for general government services $15,900$Charges for public safety services $11,700$Charges for public works $5,100$Charges for health and sanitation services $36,900$Charges for landfill $9,150$Grant to be used for salaries for health workers $($no eligibility requirements$)29,800$Issued long$-$term note payable $212,000$Sold investments $($mentioned above$)102,650$Receivables at year$-$end:Property taxes $($$$11,400$ is expected to be uncollectible$)166,500$Payments:Salary:General government $113,000$Public safety $95,250$Public works $87,750$Health and sanitation $($all from grant$)25,900$Utilities:General government $13,150$Public safety $18,900$Public works $15,300$Health and sanitation $6,000$Insurance:General government $32,400$Public safety $20,400$Public works $($all prepaid as of the end of the year$)7,200$Health and sanitation $6,600$Miscellaneous:General government $16,900$Public safety $13,300$Public works $10,150$Health and sanitation $8,250$Interest on previous debt $29,280$Principal payment on previous debt $16,300$Interest on new debt $19,080$Building $($public works$)222,000$Equipment $($public safety$)90,000$Public works supplies $(30\%$ still held$)23,000$Investments $146,000$Ordered but not received:Equipment $41,500$Supplies $11,600$Due at end of year:Salaries:General government $17,900$Public safety $19,600$Public works $6,300$On the last day of the year, the city borrows $$73,000$ from a local bank and uses the money to buy a truck. The first payment on the loan $($plus interest$)$ will be made at the end of the next year.The city opens a landfill this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $$267,500$ although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now $15$ percent filled.For the equipment and supplies that were ordered but not yet received, the City Council $($the highest decision$-$making body in the government$)$ has voted to honor the commitment when the items arrive.The new building is depreciated over $20$ years using the straight$-$line method and no residual value. Depreciation of the equipment is similar except that its life is only $10$ years. Assume the city records a full year$’$s depreciation in the year of acquisition.The investments have a market value of $$153,550$ at year$-$end.Required:Prepare a statement of net position for governmental activities in government$-$wide financial statements for December $31,2024,$ and the year then ended.

Assets: Current assets: CITY OF BERNARD Statement of Net Position December 31, 2024 Governmental Activities Totals Total current assets $ 0 $ 0 Capital assets: Total assets Liabilities: Current liabilities: Noncurrent liabilities: $ 0 $ 0 Total liabilities $ 0 $ 0 Net position: Total net position $ 0 $ 0