Your answer is partially correct. Governmental Funds

Statement of Revenues, Expenditures, and Changes in Fund Balance

For the year ended December $31,2025$

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The following schedule of capital assets was prepared for Capital City.

All capital acquisitions were made in a capital projects fund $($and paid for with cash$).$ An asset was sold by the general fund for $$66,000$ cash.

Determine how the above information will be reflected on each of the following statements for the year $2025.$

The governmental funds' statement of revenue, expenditures, and changes in fund balances. List the governmental fund and then list the dollar amount within the

appropriate heading on the statement $($such as Revenues, Expenditures, or Other Financing Sources $($Uses$)).$