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The following balances come from the trial balance of Wilson State College as of the end of the 2023 fiscal year.

WILSON STATE COLLEGE
Preclosing Trial Balance
June 30, 2023
(000s omitted)
	Debits			Credits
Cash and Cash Equivalents	$	3,323
Investments		29,790
Accounts Receivable		1,984
Allowance for Doubtful Accounts				$	139
Due from State		80,788
Inventories		882
Cash and Cash EquivalentsRestricted		6,816
InvestmentsRestricted		72,953
Depreciable Capital Assets		184,910
Accumulated Depreciation					28,900
Nondepreciable Assets		89,636
Accounts Payable					2,310
Accrued Liabilities					2,043
Unearned Revenue					13,816
Compensated AbsencesCurrent Portion					1,541
Bonds Payable					92,296
Compensated Absences					37,736
Net PositionNet Investment in Capital Assets					159,027
Net PositionRestricted for Debt ServiceExpendable					1,159
Net PositionRestricted for Capital ProjectsExpendable					49,357
Net PositionRestricted for EndowmentNonexpendable					40,028
Net PositionUnrestricted					39,237
Tuition and Fees					30,147
Tuition and Fees Discount and Allowances		7,578
Grants and Contracts Revenue					18,227
Auxiliary Enterprise Sales					14,620
Investment Income					1,748
State Appropriations					44,971
Capital Appropriations					12,807
Institutional Support Expenses		26,313
Academic Support Expenses		59,007
Scholarships and Fellowships Expense		7,744
Depreciation Expense		5,677
Interest Expense		382
Auxiliary Enterprise Expenses		12,326
Totals	$	590,109		$	590,109
Information on Cash and Cash Equivalents Activity
Beginning Cash Balance (includes restricted cash)	$	8,209
Received Tuition and Fees (net)		23,651
Received Grants and Contracts		12,963
Received from Auxiliary Enterprises		13,789
Payments to Employees		58,322
Payments to Vendors		21,749
Payments to Students for Scholarships and Fellowships		7,677
Received State Appropriations		39,962
Received Capital Appropriations		20,575
Purchase of Capital Assets		20,669
Interest Paid on Debt		2,099
Interest Income		1,506

Required

1. Prepare a statement of revenues, expenses, and changes in net position for the year ended June 30, 2023. (Enter your answers in thousands. Any operating losses or non-operating expenses should be indicated by a minus sign.)

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