Augusta has a municipal water and gas utility district (MUD). The trial balance on January 1, 20X1, follows:

	Debit	Credit
Cash	$ 93,200
Accounts Receivable	25,900
Inventory of Supplies	9,000
Land	121,800
Plant and Equipment	484,000
Accumulated Depreciation		$ 80,200
Vouchers Payable		15,800
Bonds Payable, 6%		507,000
Net Position:
Invested in Capital Assets, Net of Related Debt		18,600
Unrestricted		112,300
Total	$ 733,900	$ 733,900

Additional Information for 20X1:

1. Charges to customers for water and gas were $421,900; collections were $433,900.
2. A loan of $30,420 for two years was received from the general fund.
3. The water and gas lines were extended to a new development at a cost of $75,700. The contractor was paid.
4. Supplies were acquired from central stores (internal service fund) for $12,900. Operating expenses were $328,600, and interest expense was $30,420. Payment was made for the interest and the payable to central stores, and $325,800 of the vouchers were paid.
5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $7,800; depreciation expense, $33,900; and supplies expense, $15,500.

Required:

1. Prepare entries for the MUD enterprise fund for 20X1 and closing entries.
2. Prepare a statement of net position for the fund for December 31, 20X1.
3. Prepare a statement of revenues, expenses, and changes in fund net position for 20X1. Assume that the $507,000 of the 6 percent bonds is related to the net capital assets of land and of plant and equipment.
4. Prepare a statement of cash flows for 20X1.