Here Is Information on Activities of Governmental Funds for a County

Multiple Choice

Here is information on activities of governmental funds for a county government for the current year:
$$\begin{array} { | l | r | } \hline \text { Change in fund balances } & \$ 1,500,000 \\\hline \text { Depreciation expense } & 600,000 \\\hline \text { Lease principal payments } & 85,000 \\\hline \text { Proceeds from issuing general long term debt } & 3,000,000 \\\hline \text { Outlays for general capital assets } & 2,800,000 \\\hline \text { Increase in pension and OPEB liability } & 100,000 \\\hline \text { Gain on disposal of general capital assets } & 10,000 \\\hline \text { Proceedsfrom the sale of general capital assets } & 150,000 \\\hline \text { Amortization of bo nd premiums } & 4,000 \\\hline\end{array}$$ The change in net position of governmental activities, reported on the government-wide statement of activities, is:

A) $1,221,000
B) $1,251,000
C) $1,241,000
D) $ 549,000