As of July 1, 2017, the Village of Boiling Springs decided to purchase a privately operated swimming pool and to create swimming pool (enterprise) fund. During the year, the following transactions occurred:

1. A permanent contribution of $600,000 was received from the general fund.
2. Revenue bonds were sold at par in the amount of $1,200,000.
3. Several items were purchased for cash, with acost breakdown as follows: land, $300,000; building, $400,000, land improvement, $400,000; equipment, $200,000; and supplies, $150,000.
4. Charges for services amounted to $600,000, all received in cash.
5. Cash expenses included salaries of $200,000; utilities of $100,000; and interest of $72,000.
6. Supplies were consumed in the amount of $120,000.
7. Depreciation was recorded as follows: building, $20,000, land improvement, $20,000; and equipment, $20,000.
8. The books were closed. Close all accounts to net position.

Required:

1. Prepare, in good form using the template and trial balance provided in this module, a Statement of Revenues, Expenses, and Changes in Fund Net Position for the Village of Boiling Spring Swimming Pool Fund for the Year Ended June 30, 2018.
2. Prepare, in good form using the template and trial balance provided in this module, a Statement of Fund Net Position for the Village of Boiling Springs Swimming Pool Fund as of June 30, 2018.