The following information is available about items that differ between the governmental funds and the government wide statements. Assume that there are no internal service funds. The schedule of capital assets prepared for the year ended December 31, 2015, includes the following items: Government Beginning Ending Activities Balance Additions Retirements Balance Total Capital Assets (at gross) $700,000 $50,000 $(25,000) $725,000 Less: Accumulated Depreciation (170,000) (30,000) 17,500 (182,500) Net Capital Assets $530,000 $20,000 $ (7,500) $542,500 The bond was issued at the beginning of the year, and the following amortization schedule is available. Date Interest Paid Cash Paid Premium Bond Amortization Balance 1/1/2015 $104,213 12/31/2015 6,253 7,000 747 $103,466 The net change in fund balances—total governmental funds was $1,100,000. Required: Prepare the reconciliation of the statement of revenues, expenditures, and changes in fund balances to the statement of activities on a government-wide basis for the year ended December 31, 2015.