The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long-term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations CITY OF WIGHTVILLE Bisk Management Internal Service und Statement of Cash love For the Year Aided June 30, 2020 Cash flows from operating activities! Cash received from other department 962,000 Cash paid for suppliers and employees (157,000) Cash paid on Insurance claim (220, 800) Transfer from General Fund 296, 200 Tnvestment income received 29.400 Interest paid on long-term debt (10.200 Cash flows from operating activities 31100 Cash Flows from investing activities Munition of property, plant, and equipont (320.000) Purchase of investment (239,000 sale of property, plant, and equipment 4600 Cash flow from investing activities 15207200), Caal flows from financing activities Proceeds from ince of long-term debt 332,600 Payments on long-term debt 16.000 cash flow from financing activities 316600 Net Increase in cash and the equivalenta 187,500 Cash and chivalents: July 3, 2019 1.100 Cash and cash equivalent, June 30, 2020, 53,300 Prepare a statement of cash flows using the appropriate format os required by GASB. You do not need to propare the reconciliation of operating income to cash flow from operations. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows From Operating Activities: 0 Cash Flows From Noncapital Financing Activities: 0 Cash Flows From Capital Related Financing Activities: Cash Flows from Investing Activities: $ Cash and Cash Equivalents, July 1, 2019 Cash and Cash Equivalents, June 30, 2020 0