The following information applies to the questions displayed below The following balances come from the trial balance of Wilson State College as of the end of the 2023 fiscal year WILSON STATE COLLEGE Preclosing Trial Balance June 30, 2023 (000s omitted) Debits Credits Cash and Cash Equivalents $ 3,278 Investments 29,387 Accounts Receivable 1,957 Allowance for Doubtful Accounts $ 137 Due from State 79,626 Inventories 869 Cash and Cash EquivalentsRestricted 6,716 InvestmentsRestricted 71,883 Depreciable Capital Assets 184,620 Accumulated Depreciation 28,850 Nondepreciable Assets 89,481 Accounts Payable 2,306 Accrued Liabilities 2,039 Unearned Revenue 13,789 Compensated AbsencesCurrent Portion 1,538 Bonds Payable 92,116 Compensated Absences 37,662 Net PositionNet Investment in Capital Assets 158,715 Net PositionRestricted for Debt ServiceExpendable 1,157 Net PositionRestricted for Capital ProjectsExpendable 49,272 Net PositionRestricted for EndowmentNonexpendable 39,959 Net PositionUnrestricted 36,559 Tuition and Fees 30,095 Tuition and Fees Discount and Allowances 7,565 Grants and Contracts Revenue 18,196 Auxiliary Enterprise Sales 14,595 Investment Income 1,745 State Appropriations 44,894 Capital Appropriations 12,785 Institutional Support Expenses 26,268 Academic Support Expenses 58,940 Scholarships and Fellowships Expense 7,664 Depreciation Expense 5,580 Interest Expense 378 Auxiliary Enterprise Expenses 12,197 Totals $ 586,409 $ 586,409 Information on Cash and Cash Equivalents Activity Beginning Cash Balance (includes restricted cash) $ 8,067 Received Tuition and Fees (net) 23,609 Received Grants and Contracts 12,940 Received from Auxiliary Enterprises 13,765 Payments to Employees 58,220 Payments to Vendors 21,711 Payments to Students for Scholarships and Fellowships 7,664 Received State Appropriations 39,894 Received Capital Appropriations 20,540 Purchase of Capital Assets 20,634 Interest Paid on Debt 2,095 Interest Income 1,503 Required Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30, 2023 (Enter your answers in thousands Any operating losses or non operating expenses should be indicated by a minus sign )

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[The following information applies to the questions displayed below.] The following balances come from the trial balance of Wilson State College as of the end

[The following information applies to the questions displayed below.] The following balances come from the trial balance of Wilson State College as of the end of the 2023 fiscal year.

WILSON STATE COLLEGE
Preclosing Trial Balance
June 30, 2023
(000s omitted)
		Debits		Credits
Cash and Cash Equivalents	$	3,278
Investments		29,387
Accounts Receivable		1,957
Allowance for Doubtful Accounts			$	137
Due from State		79,626
Inventories		869
Cash and Cash EquivalentsRestricted		6,716
InvestmentsRestricted		71,883
Depreciable Capital Assets		184,620
Accumulated Depreciation				28,850
Nondepreciable Assets		89,481
Accounts Payable				2,306
Accrued Liabilities				2,039
Unearned Revenue				13,789
Compensated AbsencesCurrent Portion				1,538
Bonds Payable				92,116
Compensated Absences				37,662
Net PositionNet Investment in Capital Assets				158,715
Net PositionRestricted for Debt ServiceExpendable				1,157
Net PositionRestricted for Capital ProjectsExpendable				49,272
Net PositionRestricted for EndowmentNonexpendable				39,959
Net PositionUnrestricted				36,559
Tuition and Fees				30,095
Tuition and Fees Discount and Allowances		7,565
Grants and Contracts Revenue				18,196
Auxiliary Enterprise Sales				14,595
Investment Income				1,745
State Appropriations				44,894
Capital Appropriations				12,785
Institutional Support Expenses		26,268
Academic Support Expenses		58,940
Scholarships and Fellowships Expense		7,664
Depreciation Expense		5,580
Interest Expense		378
Auxiliary Enterprise Expenses		12,197
Totals	$	586,409	$	586,409
Information on Cash and Cash Equivalents Activity
Beginning Cash Balance (includes restricted cash)	$	8,067
Received Tuition and Fees (net)		23,609
Received Grants and Contracts		12,940
Received from Auxiliary Enterprises		13,765
Payments to Employees		58,220
Payments to Vendors		21,711
Payments to Students for Scholarships and Fellowships		7,664
Received State Appropriations		39,894
Received Capital Appropriations		20,540
Purchase of Capital Assets		20,634
Interest Paid on Debt		2,095
Interest Income		1,503

Required

Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30, 2023. (Enter your answers in thousands. Any operating losses or non-operating expenses should be indicated by a minus sign.)