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.) Required: arepare entries for the MUD enterprise fund for 201 and closing entries. (If no entry is required for a transaction/event, select 'No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. c. Prepare a statement of revenues, expenses, and changes in fund net position for 201. Assume that the $501,000 of the 6 percent bonds is related to the net capital assets of land and of plant and equipment. Additional Information for 20X1: 1. Charges to customers for water and gas were $420,700; collections were $433,500. 2. A loan of $30,060 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 $14,400. Operating expenses were $329,400, and interest expense was $30,060. Payment was made for the interest and the payable to central stores, and $326,700 of the vouchers were paid. 5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $8,300; depreciation expense, $32,600; and supplies expense, $16,200. Required: a. Prepare entries for the MUD enterprise fund for 201 and closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)