Whispering issued an 9%, 10-year $1,800,000 bond to build a monorail mass transit system. The city received $1,587,988 cash from the bond issuance on January 1, 2025. The bond yield is 11%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below. Governmental Activities Land Building Machinery and Equipment Construction in Progress Infrastructure Disclosure of Information about Capital Assets for the Year Ending December 31, 2025 Primary Government Totals at historical cost Less accumulated depreciation Building Machinery and Equipment Infrastructure Total accumulated depreciation Governmental activities capital assets, net Beginning Balance $510,000 760,000 950,000 450,000 $2,670,000 (190,000) (237,000) (50,000) $(477,000) $2,193,000 Additions $1,500,000 $1,500,000 (59,650) (76,100) (33,800) $(169,550) $1,330,450 Retirements $(227,000) $(227,000) 141,000 $141,000 $(86,000) Ending Balance $510,000 760,000 723,000 1,500,000 450,000 $3,943,000 (249,650) (172,100) (83,800) $(505,550) $3,437,450 Depreciation expense charged to governmental activities as follows: Public Safety General Government Highways and Streets Sanitation Assets Cash Interest Receivable $56,000 72,000 26,000 Whispering's governmental funds financial statements are as follows: Investments Property Tax Receivable Total Assets 15,550 $169,550 Whispering Governmental Funds Fund Balance Sheets at December 31, 2025 General Fund $65,000 Capital Projects Fund Monorail Fund $301,000 13,000 99,000 187,000 $351,000 $1,555,000 1,241,000 Debt Service Fund Term Bond Fund 4,000 99,000 $103,000 Total Governmental Funds $366,000 17,000 1,439,000 187,000 $2,009,000 Liabilities and Fund Balance Vouchers Payable Total Liabilities Fund Balances: Restricted for: Capital projects Debt Service Assigned for encumbrance Unassigned Total Fund Balance Total Liabilities and Fund Balances $72,000 $72,000 192,000 87,000 279,000 $50,000 $50,000 1,505,000 1,505,000 $- 103,000 103,000 $351,000 $1,555,000 $103,000 $122,000 $122,000 1,505,000 103,000 192,000 87,000 1,887,000 $2,009,000 Whispering Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Year Ended December 31, 2025 Revenues Property Taxes Licenses and Permits* State Grant-highways and streets Intergovernmental-state grant Charges for Services (general government) Investment Earnings Total Revenue General Fund $525,000 150,000 250,000 130,000 75,000 $1,130,000 Capital Projects Fund Monorail Fund $1,000,000 $1,000,000 Debt Service Fund Term Bond $50,000 $50,000 Total Governmental Funds $575,000 150,000 250,000 1,000,000 130,000 75,000 $2,180,000 Expenditures Public Safety General Government Highways and Streets Sanitation Debt Service Interest Capital Outlay Total Expenditures Excess (deficiency) of revenues over expenditures Other Financing Sources (Uses) Proceeds from long-term capital debt Transfers in Transfers out Total other $500,000 300,000 130,000 70,000 $1,000,000 $130,000 $(162,000) $(162,000) $1,500,000 $1,500,000 ($500,000) $1,587,988 $1,587,988 $162,000 $162,000 ($112,000) $162,000 $162,000 $500,000 300,000 130,000 70,000 162,000 1,500,000 $2,662,000 ($482,000) $1,587,988 162,000 (162,000) $1,587,988 Special Items Proceeds from sales of equipment Net change in fund balance Fund balance-beginning Fund balance-ending $115,000 83,000 189,000 $272,000 1,087,988 417,012 $1,505,000 50,000 60,000 $110,000 $115,000 1,220,988 666,012 $1,887,000 *Revenues from licenses and permits are assigned to highways and streets ($100,000) and to the general government ($50,000). Using the information above, prepare the statement of activities and the statement of net position on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide Statement of Net Position is $2,859,012. (Round answers to O decimal places. e.g. 5,125.) Functions/Programs Primary Government Governmental Activities General Government Highways and Streets Interest on Long-term Debt Public Safety Sanitation Total Governmental Activities V Total Primary Government $ $ Whispering Statement of Activites -Government-Wide For the Year Ended December 31, 2025 Expenses (a) $ $ Charges for Services Program Revenues $ Grants and Contributions Net (Expense) Revenue and Changes in Net Position 5. $ Primary Government Governmental Activities Assets Whispering Statement of Net Position - Government-Wide Basis At December 31, 2025 $ $ Governmental Funds $ Adjustments $ $ Statement of Net Position Total Government Activities Liabilities and Fund Balance Net Position Total $ $ $ $ $ $ $ $ $ $