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

	Debit	Credit
Cash	$ 93,900
Accounts Receivable	26,800
Inventory of Supplies	8,800
Land	120,500
Plant and Equipment	491,000
Accumulated Depreciation		$ 81,200
Vouchers Payable		15,300
Bonds Payable, 6%		515,000
Net Position:
Invested in Capital Assets, Net of Related Debt		15,300
Unrestricted		114,200
Total	$ 741,000	$ 741,000

Additional Information for 20X1:

1. Charges to customers for water and gas were $421,000; collections were $433,700.
2. A loan of $30,900 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 $76,000. The contractor was paid.
4. Supplies were acquired from central stores (internal service fund) for $13,000. Operating expenses were $328,700, and interest expense was $30,900. Payment was made for the interest and the payable to central stores, and $326,800 of the vouchers were paid.
5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $8,200; depreciation expense, $32,800; and supplies expense, $17,300.

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 $515,000 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.