Assume that the City of Coyote has produced its financiol stotements for December 31,2020, and the year then ended. The city' general fund was only used to monitor education and parks. Its capital projects funds worked in connection with each of these functions at times during the current year. The city also maintained an enterprise fund to account for its ort museum. The government-wide financial statements provide the following figures: - Education reports net expenses of $676,000 - Parks reports net expenses of $196.000 - Ar museum reports net revenues of $52,250 - General government revenues for the yeor were $1,053,750 with an overall increase in the city's net position of $234,000 The fund financial statements provide the following for the entire year - The general fund reports a $39.500 increase in its fund balance. - The capital projects fund reports a $48.000 increose in its fund balance - The enterprise fund reports a $74.250 increase in its pet position The city asks the CPA firm of Abemethy and Chapman to examine several transactions that occurred during 2020 and indicate how to correct any erroneous reporting. Officials also want to know the effect of each error. View each of the following situations as independent The City of Coyote mails property tax bills for 2021 to its citizens during August 2020 Property owners could make payments early to recelve a discount. The levy becomes legally enforce ble on February 15,2021 All money recelved by the city must be spent during 2021 or later. The total assessment is $446,000. Of thot amount, the city collects 45 percent. less o 10 percent discount, in cash as well as revenue for the amount received. No chonge was made in creating government-wide financial statements. Q. What is the correct overall change in the city's net position as should be shown on the government-wide financial statements? b. What is the correct change for 2020 in the fund balance reported for the city's generol fund