7. The City of 'D' accounts for its parking facilities as an enterprise fund. For the year ended December 31, 2019, the pre-closing trial balance for the Parking Facilities Fund is provided. (OMR) Ledger Balances Debits Credits Cash & Cash Equivalents 434,584 Accounts Receivable 1,804 Allowance for Uncollectible Accounts 36 Restricted Cash & Cash Equivalents 496,661 Land 1,510,818 Buildings and Equipment 11,514,583 Accumulated Depreciation 2,811,658 Accounts & Accrued Payables 156,415 6-month Note Payable 180,000 Bonds Payable 7,789,662 Net Assets - Invested in Capital Assets Net of Related Debt 2,465,875 Net Assets - Restricted 475,998 Net Assets-Unrestricted 382,946 Charges for Services 820,130 Interest Income 125,740 Personnel Expense 426,190 Utilities Expense 50,363 Repairs and Maintenance Expense 32,309 Supplies Expense 8,559 Depreciation Expense 289,431 Interest Expense 437,454 Inter-Fund Transfers Out 5,704 Total 15,208,460 15,208,460 Required a. Prepare the statement of revenues, expenses, and changes in fund net assets for the Parking Facilities Fund as of December 31, 2019. (3.5 marks) b. Prepare the statement of net assets for the Parking Facilities Fund as of December 31, 2019. (3.5 marks)