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 $ 3,323 Investments 29,790 Accounts Receivable 1,984 Allowance for Doubtful Accounts $ 139 Due from State 80,788 Inventories 882 Cash and Cash EquivalentsRestricted 6,816 InvestmentsRestricted 72,953 Depreciable Capital Assets 184,910 Accumulated Depreciation 28,900 Nondepreciable Assets 89,636 Accounts Payable 2,310 Accrued Liabilities 2,043 Unearned Revenue 13,816 Compensated AbsencesCurrent Portion 1,541 Bonds Payable 92,296 Compensated Absences 37,736 Net PositionNet Investment in Capital Assets 159,027 Net PositionRestricted for Debt ServiceExpendable 1,159 Net PositionRestricted for Capital ProjectsExpendable 49,357 Net PositionRestricted for EndowmentNonexpendable 40,028 Net PositionUnrestricted 39,237 Tuition and Fees 30,147 Tuition and Fees Discount and Allowances 7,578 Grants and Contracts Revenue 18,227 Auxiliary Enterprise Sales 14,620 Investment Income 1,748 State Appropriations 44,971 Capital Appropriations 12,807 Institutional Support Expenses 26,313 Academic Support Expenses 59,007 Scholarships and Fellowships Expense 7,744 Depreciation Expense 5,677 Interest Expense 382 Auxiliary Enterprise Expenses 12,326 Totals $ 590,109 $ 590,109 Information on Cash and Cash Equivalents Activity Beginning Cash Balance (includes restricted cash) $ 8,209 Received Tuition and Fees (net) 23,651 Received Grants and Contracts 12,963 Received from Auxiliary Enterprises 13,789 Payments to Employees 58,322 Payments to Vendors 21,749 Payments to Students for Scholarships and Fellowships 7,677 Received State Appropriations 39,962 Received Capital Appropriations 20,575 Purchase of Capital Assets 20,669 Interest Paid on Debt 2,099 Interest Income 1,506 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	$	3,323
Investments		29,790
Accounts Receivable		1,984
Allowance for Doubtful Accounts			$	139
Due from State		80,788
Inventories		882
Cash and Cash EquivalentsRestricted		6,816
InvestmentsRestricted		72,953
Depreciable Capital Assets		184,910
Accumulated Depreciation				28,900
Nondepreciable Assets		89,636
Accounts Payable				2,310
Accrued Liabilities				2,043
Unearned Revenue				13,816
Compensated AbsencesCurrent Portion				1,541
Bonds Payable				92,296
Compensated Absences				37,736
Net PositionNet Investment in Capital Assets				159,027
Net PositionRestricted for Debt ServiceExpendable				1,159
Net PositionRestricted for Capital ProjectsExpendable				49,357
Net PositionRestricted for EndowmentNonexpendable				40,028
Net PositionUnrestricted				39,237
Tuition and Fees				30,147
Tuition and Fees Discount and Allowances		7,578
Grants and Contracts Revenue				18,227
Auxiliary Enterprise Sales				14,620
Investment Income				1,748
State Appropriations				44,971
Capital Appropriations				12,807
Institutional Support Expenses		26,313
Academic Support Expenses		59,007
Scholarships and Fellowships Expense		7,744
Depreciation Expense		5,677
Interest Expense		382
Auxiliary Enterprise Expenses		12,326
Totals	$	590,109	$	590,109
Information on Cash and Cash Equivalents Activity
Beginning Cash Balance (includes restricted cash)	$	8,209
Received Tuition and Fees (net)		23,651
Received Grants and Contracts		12,963
Received from Auxiliary Enterprises		13,789
Payments to Employees		58,322
Payments to Vendors		21,749
Payments to Students for Scholarships and Fellowships		7,677
Received State Appropriations		39,962
Received Capital Appropriations		20,575
Purchase of Capital Assets		20,669
Interest Paid on Debt		2,099
Interest Income		1,506

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.)