A. Prepare the entry necessary to close the accounts B. Compute the ending fund net position balances for (1) net investment in capital assets, (2) restricted net position, and (3) unrestricted net position (Note: Debt related to the capital assets consists solely of the Towns revenue bonds payable.) Town of Wake Forest Water Enterprise Fund Adjusted Trial Balance December 31, 2018 Cash and cash equivalents $890,430 Cash, restricted $47,500 Investments $2,037,000 Due from other funds $595,000 Land $976,000 Machinery and equipment $2,264,000 Accumulated depreciation, machinery and equipment $1,840,000 Buildings $2,058,000 Accumulated depreciation, buildings $933,000 Accounts payable $398,250 Revenue bonds payable, current portion $50,000 Revenue bonds payable, noncurrent portion $1,650,000 Net position $4,087,000 Revenuescharges for services $3,608,000 Revenuesother $31,520 Operating expensespurchase of water $2,389,000 Operating expensesmaterials and supplies $276,000 Operating expensespersonal services $827,195 Operating expensesdepreciation $253,000 Nonoperating revenuesinvestment revenues $29,680 Nonoperating expensesinterest $14,325 $12,627,450 $12,627,450

PART A - Please prepare the entries necessary to close account. (This is all I need)