Using the Information Provided Below for the Water Utility Enterprise

Using the information provided below for the Water Utility Enterprise Fund of the City of Rice, prepare a statement of revenues, expenses, and changes in fund net position for 20X3.
- $\begin{array}{llr} \text { Charges for services. } &\$3,300\\ \text {Interest received } &105\\ \text {Increase in fair value of investments } &12\\ \text {Gain on sale of capital assets } &8\\ \text { Operating transfers from the General Fund. } &450\\ \text { Capital Grant. } &1,200\\ \text {Salaries expense } &1,000\\ \text { Contractual services used.} &300\\ \text { Supplies used } &400\\ \text {Depreciation. } &1,100\\ \text { Interest expense } &250\\ \text { Unrestricted Net Position, January 1, 20X3 } &1,000\\ \text { Restricted Net Position, January 1, \( 20 \mathrm{X} 3 \). } &200\\ \text {Net Investment in Capital Assets, January 1, \( 20 \mathrm{X} 3 \) } &1,800\\\end{array}$