A department of a local government began operations at the beginning of the current fiscal year with $250,000 cash. During the fiscal year, the department made cash disbursements for the following: 1. Annual salaries and other personnel costs, $15,000 2. Office rent and utilities, $4,000 per month 3. Retirement of debt principal, $10,000; payment of interest, $2,200 4. Purchased equipment at the middle of the fiscal year for $30,000; the equipment is expected to last 5 years and have a salvage value of $5,000 5. Photocopier rental, $1,500 per month Based on the preceding transactions, compute total annual expenditures for this department assuming it performs governmental-type activities and is accounted for in the General Fund. Then compute total annual expenses for this department assuming it performs activities within an Enterprise Fund. Page 4 of 7