The Wilayat N operates a Public Employees Retirement System (PERS) for all employees of the Wilayat. The pre-closing trial balance of the PERS as of June 30, 2019, follows:

(in thousands of OMR)

Ledger Balances	Debits	Credits
Cash	8,000	-
Accrued Interest Receivable	16,600	-
Investments	971,600	-
Equipment and Fixtures	12,600	-
Accumulated Depreciation-Equipment and Fixtures	-	1,550
Accounts Payable and Accruals	-	16,700
Net Assets Held in Trust for Pension Benefits, July 1, 2018	-	788,500
Member Contributions	-	56,050
Employer Contributions	-	98,900
Interest and Dividend Income	-	99,850
Annuity Benefits	26,950	-
Disability Benefits	7,000	-
Refunds to Terminated Employees	14,400	-
Administrative Expenses	4,400	-
Total	1,061,550	1,061,550

Required:

a. The fair value of investments increased by OMR 29,400. Prepare a statement of changes in plan net assets for the Wilayat N Public Employees Retirement System for the year ended June 30, 2019, in as much detail as possible. (4.5 marks)

b. Prepare a statement of plan net assets as of June 30, 2019, for the Wilayat N Public Employees Retirement System.(2.5 marks)

c. Explain how the Wilayat N (the employer) would report its participation in the state PERS at the fund level and at the government-wide level.