(Solved): Following is the information concerning operating activity for Annette County. For the year ended J ...

Following is the information concerning operating activity for Annette County. For the year ended June 30 , the net change in total governmental fund balances was $$\$(289,200)$$, and the change in net position of governmental activities was $$\$118,400$$. During the year, Annette issued $$\$3,000,000$$ in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $$\$3,750,000$$ in capital assets and sold capital assets with a book value of $$\$550,000$$ for $$\$570,600$$. At the beginning of the period, accrued liabilities related to long-term debt were $$\$470,000$$ and at the end of the period, they totaled $$\$494,000$$. During the period $$\$500,000$$ of serial bonds were retired. Depreciation on capital assets totaled $$\$603,000$$. Revenue accrued for the period but not available for use totaled $$\$364,600$$. Required Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental activities. (Decreases should be indicated with a minus sign.)