The following is a Statementiof 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 WRGHTVILLE Risk Management Internal Service Pund Statement of Cash Flows For the Year Ended June 30, 2017 Cash flows from operating activitiest Cash received from other departments Cash paid for suppliers and employees Cash paid on insurance claims Transfer from General Fund Investment income received Interest paid on long-term debt s 925,000 (120,000) (700, 000) 250,000 25,000 (15,000) 365,000 Cash flows from operating activities Cash flovs from investing activities Acquinition of property, plant, and equipment Purchase of investments (290,000) (200, 000) 42,000 (448,000) Sale of property, plant, and equipment Cash flows from investing activities Cash flows from financing activities Proceeds from issuance of long-term debt Paymenta on long-term debt Cash flows from financing activities Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2016 Cash and cash equivalents, June 30, 2017 00,000 414,0001 286,000 203,000 118,000 321,000 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 cash flow from operations. (Amounts to be deducted should be indicated by a minus sign.)