Using the following data, make a statement of revenues, expenses, and changes in fund net assets for the utility services Reiver County provides in an Enterprise Fund for the year ended December 31, 2019.

Depreciation$300,000

Personal services expense1,500,000

Charges for services3,000,000

Contractual services expense200,000

Investment income50,000

Miscellaneous income50,000

Interest expense80,000

Beginning year net assets870,000

Materials & supplies expense175,000