6. In preparation for a proposed bond sale, the city manager of the City of 'A' requested that you prepare a statement of legal debt margin for the city as of December 31, 2019. You ascertain that the following bond issues are outstanding on that date: (OMR) Convention centre bonds 1,800,000 Electric utility bonds 1,350,000 General obligation serial bonds 1,550,000 Tax increment bonds 1,250,000 Water utility bonds 950,000 Transit authority bonds 1,000,000 You obtain other information that includes the following items: a. Assessed valuation of real and taxable personal property in the city totalled OMR 120,000,000 b. The rate of debt limitation applicable to the City of 'A' was 4 percent of total real and taxable personal property valuation. C. Electric utility, water utility, and transit authority bonds were all serviced by enterprise revenues, but each carries a full-faith-and-credit contingency provision. By law, such self- supporting debt is not subject to debt limitation. d. The convention centre bonds and tax increment bonds are subject to debt limitation. e. The amount of assets segregated for debt retirement at December 31, 2019, is OMR 900,000