The Town of Lancups is preparing a statement of activities for its government-wide financial statements. A governmental activity has transferred $20,000 to a business-type activity and owes another $4,000 that will be conveyed next week. On this statement, how are these amounts reported? Each activity reports $24,000 and the total column shows a $48,000 total balance No figures at all are reported because they are within the government and they offset. The governmental activity shows a $24,000 transfer out, the business-type activity shows a $24,000 transfer in, and the total is zero. Both of the $24,000 figures are shown in the total column but no amount is shown for the individual activities because they are just transfers