6-15. Evaluating Legal Debt Margins. (L06-2) You'll be moving to a nearby state after graduation and are focusing on two cities near your new job. After reading this chapter, you decide to look at the debt held by each of the governments. Disclosures of the legal debt margin for each city over the past few years are reproduced below. City of Dreams Legal Debt Margin June 30, 2019 , Assessed Property Values. per Property Assessors Office S3,778 550.520 Legal Debt Margin: Debt limitation 5% of assessed value 188.927.526 Debt applicable to limitation 110.184.260 Legal Debt Margin S 78,743.266 Five-year trend information Year Legal Debt Margin Population 2018 80,698,755 39.698 2017 90.463.527 41,959 2016 89,755,124 45,679 2015 101,461,856 48,932 2014 107,625.842 51.627 City of Hopes Legal Debt Margin June 30, 2019 Assessed Property Values, per Property Assessors Office $ 1,186,550,520 Legal Debt Margin: 118.655,052 Debt limitation10% of assessed value Debt applicable to limitation 39 911.786 Legal Debt Margin s 78,743,266 Five-year trend information: : Year Legal Debt Margin Population 2018 70,912.815 18,332 2017 60,618,712 17.845 2016 61,598,612 16,795 2015 58,584,765 16,259 2014 59,602,548 12,488 Required Compare the legal debt margin of the two cities. What are your observations regarding the debt position of the two governments