The General Fund of the City of Lansing Made a Permanent

Multiple Choice

The General Fund of the City of Lansing made a permanent contribution of $100,000 to an internal service fund in 2012.Also,during the year,the internal service fund had revenues of $500,000,expenses of $475,000,and a transfer out of $10,000.Assuming this was the first year of operations for the internal service fund,the ending net assets balance,after closing entries,would be:

A) $15,000.
B) $250,000.
C) $115,000.
D) $125,000.