A city government adds streetlights within its boundaries at a total cost of $228,000. These lights should burn for at least 12 years but can last significantly longer if maintained properly The city develops a system to monitor these lights with the goal that 97 percent will be working at any one time. During the year, the city spends $48,300 to clean and repair the lights so that they are working according to the specified conditions. The city also spends another $82,600 to construct lights for several new streets. a. Prepare the entries assuming Infrastructure assets are capitalized with depreciation recorded on government-wide financial statements b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government- wide financial statements A city government adds streetlights within its boundaries at a total cost of $228,000. These lights should burn for at least 12 years but can last significantly longer if maintained properly The city develops a system to monitor these lights with the goal that 97 percent will be working at any one time. During the year, the city spends $48,300 to clean and repair the lights so that they are working according to the specified conditions. The city also spends another $82,600 to construct lights for several new streets. a. Prepare the entries assuming Infrastructure assets are capitalized with depreciation recorded on government-wide financial statements b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government- wide financial statements