15sume that the City of Coyote has produced its financial statements for December 31,2020 , and the year then ended. The city's general fund was only used to monitor education and parks. Its capital projects funds worked in connection with each of these unctions at times during the current year. The city also maintained an enterprise fund to account for its art museum. The government-wide financial statements provide the following figures: - Education reports net expenses of $618,000 - Parks reports net expenses of $115,000 - Art museum reports net revenues of $65,250. - General government revenues for the year were $832,750 with an overall increase in the city's net position of $165,000. The fund financial statements provide the following for the entire year: - The general fund reports a $52750 increase in its fund balance. - The capital projects fund reports a $57,250 increase in its fund balance. - The enterprise fund reports a $79,500 increase in its net position. The city asks the CPA firm of Abemethy and Chapman to examine several transactions that occurred during 2020 and indicate how to correct any erioneous reporting. Officials also want to know the effect of each mror. View each of the foliowing situations as independent. The City of Coyote malis property tax bils for 2021 to its citizens during August 2020. Property owners could make payments early to receive a discount. The levy becomes legally enforceable on February 15, 2021 Al money received by the city must be spent during 2021 o later. The total assessment is $476.000. Of that amount, the city collects 20 percent, less a 10 percent discount in 2020 . The city expects to receve afl of the remaining money duning 2021 with no discount. During 2020 , the government increoses cash as well as revenue for the amount received. No chonge wos made in creating govemment-mde financial statements. a. What i the correct overall change in the city's net position as shoud be shown on the govemment-wide financiar statements? b. What is the correct change for 2020 in the fund bolance reported for the city's general fund