The State of Arkoma operates a Public Employee Retirement System for all employees of the state. The trial balance of the PERS as of June 30,191, follows (in thousands of soilars): a. Prepare a Statement of Revenues, Expenses, and Changes in Fund Balance for "sa State of Arkoma Public Employee Retirement System for the year ended June :-: 191, in as much detail as possible. b. Prepare a Balance Sheet as of June 30, 19x1, for the State of Arkoma Pu:Employee Retirement System. Assume the Fund Balance is composed of the a.: arial present value of: Any difference between the total of (1), (2), and (3) and the Net Assets Avai.. for Benefits is to be shown in the Fund Balance section as the Unfunded Act...I Present Value of Credited Projected Benefits (see Illustration 12-4). The mavalue of the investments totaled $2,092,600 as of June 30,191. The State of Arkoma operates a Public Employee Retirement System for all employees of the state. The trial balance of the PERS as of June 30,191, follows (in thousands of soilars): a. Prepare a Statement of Revenues, Expenses, and Changes in Fund Balance for "sa State of Arkoma Public Employee Retirement System for the year ended June :-: 191, in as much detail as possible. b. Prepare a Balance Sheet as of June 30, 19x1, for the State of Arkoma Pu:Employee Retirement System. Assume the Fund Balance is composed of the a.: arial present value of: Any difference between the total of (1), (2), and (3) and the Net Assets Avai.. for Benefits is to be shown in the Fund Balance section as the Unfunded Act...I Present Value of Credited Projected Benefits (see Illustration 12-4). The mavalue of the investments totaled $2,092,600 as of June 30,191