a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.

The City of Bernard starts the year of 2020 with the following unrestricted amounts in its general fund: cash of $23,750 and investments of $80,250. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $364,000 and a related long-term debt of $291,200. The building is depreciated on the straight-line method over 10 years. The annual interest rate on the debt is 10 percent. The general fund has four separate functions: general zludes On the last day of the year, the city borrows $68,000 from a local bank and uses the money to buy a truck. The first payment on the oan (plus interest) will be made at the end of the next year. The city opens a landfll this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $306,500 although officials do not expect the landflil to be filled for nine more years. The city has incurred no costs to date. The andill is now 15 percent filled. For the equipment and supplies that were ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the items arrive. The new buliding is depreciated over 20 years using the straight-line method and no residual value. Depreciation of the equipment is similar except that its life is only 10 years. Assume the city records a full year's depreciation in the year of acquisition. The investments have a market value of $127,000 at year-end. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31 , 2020 , and the year then ended