718Central Garage Internal Service Fund.The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned-and-operated vehicles. The Central Garage Fund was established by a contribution of $300,000 from the General Fund on July 1, 2015, at which time the land and building were acquired. The post-closing trial balance at June 30, 2016, was as follows:

The following information applies to the fiscal year ended June 30, 2017:

1. Supplies were purchased on account for $92,000; the perpetual inventory method is used.
2. The cost of supplies used during the year ended June 30, 2017, was $110,000. A physical count taken as of that date showed materials and supplies on hand totaled $72,000 at cost.
3. Salaries and wages paid to employees totaled $235,000, including related costs.
4. Billings totaling $30,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $27,000 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.)
5. Depreciation of the building was recorded in the amount of $10,000; depreciation of the machinery and equipment amounted to $9,000.
6. Billings to other departments for services provided to them were as follows:

   General Fund	$270,000
   Special Revenue Fund	127,000

7. Unpaid interfund receivable balances were as follows: 6/30/16 6/30/17 General Fund $2,500 $3,000 Special Revenue Fund 6,500 9,000
8. Vouchers payable at June 30, 2017, were $16,000.
9. For June 30, 2017, closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry).

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Required

1. Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Central Garage Fund accounts and in the governmental activities accounts.
2. Prepare a statement of revenues, expenses, and changes in net position for the Central Garage Fund for the period ended June 30, 2017.
3. Prepare a statement of net position for the Central Garage Fund as of June 30, 2017.
4. Explain what the Central Garage Fund would need to report at the governmental activities level, and where the information would be reported.