Assume the city's general fund has an outstanding payable to its sewer fund, which has a corresponding receivable from the general fund. In the city's government-wide statement of net position, which would be correct?

		The payable and the corresponding receivable would be eliminated in the preparation of the government-wide statements and thus would not be reported.
		The payable may be aggregated with payables to the internal service fund and reported as "payables to proprietary funds."
		The payable should be reported in the business-activities column and the receivable in the governmental activities column.
		The payable should be reported in the governmental activities column and the receivable in the business-activities column.