(Journal entries and financial statements for an Internal Service Fund) The following entries and financial statements relate to Thomasville. (Assume a voucher system is used.)

1. The General Fund made a transfer of capital to the Data Processing Fund (an Internal Service Fund). This fund will provide data-processing services to all governmental units for a fee. The initial transfer was $\$ 2$ million.

2. The fund paid $\$ 1.9$ million for a Tops computer.

3. Supplies costing $\$ 1,500$ were purchased on credit.

4. Bills totaling $\$ 650,000$ were sent to the various city departments.

5. Repairs to the computer were made at a cost of $\$ 400$. A voucher was prepared for that amount.

6. Collections from the departments for services were $\$ 629,000$.

7. Salaries of $\$ 180,000$ were paid to the employees.

8. Vouchers totaling $\$ 1,900$ were paid.

9. As of the end of the period, $\$ 300$ of supplies had not been used.

10. Depreciation on the computer was $\$ 250,000$.

11. The city charged the computer center $\$ 2,000$ for the rental of office space and $\$ 500$ for the rental of office equipment for the year. This amount was not paid at the end of the year.

12. Miscellaneous expenses not paid by the end of the year totaled $\$ 700$. These amounts were owed to businesses outside the governmental unit.

Required: 1. Prepare the journal entries necessary to record the preceding information in the Data Processing Fund.

2. Prepare a statement of revenues, expenses, and changes in net assets for the Data Processing Fund for 2004 and a statement of net assets as of December 31, 2004.