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

Debit CreditCash $92,300 Accounts Receivable 27,000 Inventory of Supplies 8,300 Land 120,900 Plant and Equipment 484,000 Accumulated Depreciation $80,200 Vouchers Payable 16,700 Bonds Payable, 5% 511,000 Net Position: Invested in Capital Assets, Net of Related Debt 13,700 Unrestricted 110,900 Total $732,500 $732,500

Additional Information for 20X1:

1. Charges to customers for water and gas were $421,000; collections were $432,200.
2. A loan of $25,550 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 $76,800. The contractor was paid.
4. Supplies were acquired from central stores (internal service fund) for $12,700. Operating expenses were $328,100, and interest expense was $25,550. Payment was made for the interest and the payable to central stores, and $326,900 of the vouchers were paid.
5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $7,700; depreciation expense, $32,400; and supplies expense, $17,300.

Required: a. Prepare entries for the MUD enterprise fund for 20X1 and closing entries.

b. Prepare a statement of net position for the fund for December 31, 20X1. (Select the assets account based on the order listed in the question table. Amounts to be deducted should be indicated by minus sign.)

c. Prepare a statement of revenues, expenses, and changes in fund net position for 20X1. Assume that the $511,000 of the 5 percent bonds is related to the net capital assets of land and of plant and equipment.

d. Prepare a statement of cash flows for 20X1