P8-2 (Preparation of a statement of fiduciary net position for a Pension Trust Fund) The following i

P8-2 (Preparation of a statement of fiduciary net position for a Pension Trust Fund)

The following information is available for Russellville at June 30, 2012. Prepare a statement of fiduciary net position for RussellvilleAc€?cs Pension Trust Fund as of June 30, 2012, by reporting the assets and liabilities from the information provided.

AdditionsAc€??interest $    250,000;  Member contributions 340,000;  Loss on sale of investments 30,000;  Cash 180,000;  Accrued expenses 56,000;  Interest receivable 20,000;  Accounts payable 33,000; Due to other funds 54,000;  Investments 10,000,000;  DeductionsAc€??operating costs 42,000;  Retirement annuities paid 987,000