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 WRIGHTVILLE Risk Management Internal Service Fund Statement of Cash Flows for the Year Ended June 30, 2020 Cash flows from operating activities: Cash received from other departments Cash paid for suppliers and employees Cash paid on Insurance claims Transfer fros General Fund Investment incone received Interest paid on long-term debt Cash flows from operating activities Cash flows from investing activities Acquisition of property, plant, and equipment Purchase of investments Sale of property, plant, and equipment Cath low from testing activities Cash flows froe Financing activities Proceeds from Insuance of long-tere debt Payments on long-term debt Cash flows from financing activities Net Increase in cand cash equivalents Cash and cash valsts, July 1, 2010 Chantal valents. See, 2020 $956,000 (151,000) (217,800) 289,900 28,800 (18.100) 387, see (322,00) (213,000) 46,200 (500, 100) 328,100 35,700) 3324 191.000 129,00 $ 120, e Prepare a statement of cash flows using the appropriate format as required by GASB. You do not need to prepare the reconciliation of operating income to chon flow from operations (Amounts to be deducted should be indicated by a minus sign.) CITY OF WRIGHTVILLE Cash Flows From Operating Activities Cash Flows From Moncapital Financing Activities Cash Flows From Capital Related Financing Activities Cash Flows from westing Activities Cand Can Events 2010 Cash and CE 30.2020 Tere to search G