1) Please do journal entries for affected funds. 2) Indicate how the transaction impact Fund Balance or Net Position. Please be specific. When indicate the impact, please point out exactly which category it impacted. Such as FB-SPENDABLE-unassigned, or assigned, or committed, or restricted. Or FBNONSPENDABLE. For net position, it would be restricted, unrestricted, or investment in capital asset. 3)For governmental wide level, you also need to indicate which activity it affects (business activity or governmental activity). Fund-based Govermental-based 1.On January 1, 2002, the city established a supplies fund by transferring $250,000 to the fund. On this amount, $100,000 represents a short-term loan. GF ISF GT ISF: 2. On January 10, 2002, the supplies fund purchased $10,000 in supplies for cash. ISF 3.On March 10, 2002, the supplies fund notified the city that it owned $1,500 for supplies used that cost $1,200. The supplies fund also notified the city's water utility fund that it owed $3,400 for supplies used that cost $2,700. ISF GT ISF GT GF GT EF BT 4.On April 1, 2002, the city's water utility company billed the city for $2,800 in services provided. The billings to external customers amounted to $132,000. EF BT GF GT 5. On June 30, 2002, the supplies fund issued $500,000 in 6% term bonds at face for construction of a new building. Semiannual interest payments are required. ISF 6. The building was constructed at a cost of $550,000, which was paid. ISF 7.On August 1, 2002, the city's water utility fund issued $1,000,000 in 7% five-year serial bonds at 101 at effective rate 6.5% for comstruction of a new treatment plant. Principal and interest payments are to be made annually beginning August1, 2003. EF 8.On November 3, construction of the new water treatment plant was completed at a total cost of $1,350,000, which was paid. EF 9.On December 31, 2002, the first interst payment was made on the supplies funds bonds. ISF 10. On August 1, 2003, the first principal and interest payment was made on the water utility bonds EF 11.On October 15, 2003, the city's tax agency fund that collects general taxes for the city and parish received $360,000 in tax monies. Of the $360,000, 70% represents taxes collected on behalf of the city and 30% represents taxes collected on behalf of the parish. (Note: You should only prepare entries for the city - not for the parish. Assume no revenues have been recorded by city and parish before.) AF GT/B GF GT 12. On November 1, the city's tax agency fund forwarded the October 15 tax monies to the appropriate governmental authorities. The city charges the parish a 2% collection fee for taxes collected on behalf of the parish. GF GT AF GT/B GT/B REQUIREMENT: Use the information below to calculate the amount of expense and the liability to be recognized at year-end for Sludge City as related to their sold waste municipal landfill as of the end of the first three years of operation. Total estimated cost of closure/postclosure expense at year-end: Year1=18,550,000 Year2=20,300,000 Year3=21,800,000 Total amount of landfill used at year end (cumulative). (such as year3=1617000 is the total amount used for 3 years) Year1=588,000 cubic feet year2=1,274,000 cubic feet year3=1,617,000 cubic feet Anticipated landfill capacity throughout first three years=4900,000 cubic feet Closure costs paid at the end of year 2=800,000 Closure costs paid at the end of year 3=950,000 Year 1 Expense: Liability: Year 2 Expense: Liability: Year 3 Expense: Liability: