Effect of different measurement focuses and bases of accounting Following are some of Friendly Village's transactions during the calendar year 2021. For each transaction, state (a) the amount the Village would report as expenditures for the year 2021 if the transaction occurred in a governmental-type fund and (b) the amount it would report as expenses for the year if the transaction occurred in an Enterprise Fund. 1. Friendly paid $900,000 in salaries during the year. In addition, during the last pay period, Friendly's employees earned $7,500 by December 31, but that amount was not paid until the first week of January, 2022. 2. Friendly used the proceeds of long-term bonds to buy a sanitation truck. The truck was delivered on July 1, 2021, and immediately placed into service. The truck cost $150,000 and had an estimated useful life of 10 years. 3. Friendly had agreed to pay off the $150,000 used to buy the sanitation truck (see previous transaction) over a 5-year period, starting December 31, 2021. On that date, Friendly paid the first installment on the debt, $15,000 in principal and $4,500 in interest