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The Parking Garage and Parking Lots Owned by the City

Question 30

Essay

The parking garage and parking lots owned by the City of Danton reported the following balances for 2018:
 Receipts from public users of the parking facilities $190,000 Receipts from the city for parking of city-owned vehicles 8,000 Salaries paid to employees 75,000 Printing - paid to an internal service fund 6,000 Interest on bonded debt 10,000 Sculpture for entrance to parking lot (donated during 2018) 12,500 Depreciation on parking garage 30,000 Truck (purchased during 2018) 35,000 Maintenance - paid to an internal service find 17,000\begin{array} { l r } \text { Receipts from public users of the parking facilities } & \$ 190,000 \\\text { Receipts from the city for parking of city-owned vehicles } & 8,000 \\\text { Salaries paid to employees } & 75,000 \\\text { Printing - paid to an internal service fund } & 6,000 \\\text { Interest on bonded debt } & 10,000 \\\text { Sculpture for entrance to parking lot (donated during 2018) } & 12,500 \\\text { Depreciation on parking garage } & 30,000 \\\text { Truck (purchased during 2018) } & 35,000 \\\text { Maintenance - paid to an internal service find } & 17,000\end{array}
Required:
Prepare the appropriate financial statement for the fund that was used to account for parking operations.

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