he following information pertains to the City of Willamson for 2020 , its first year of legal existence. For convenience, assume that all ransactions are for the general fund, which has three separate functions: general government, public safety, and healith and sanitation. Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total 521,200 . These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources. The city recelved a plece of art this year as a donation. It is valued at $17,600. The city plans to use it for general government purposes. The gift has no eligiblity requirements. The city chose not to capitalize this property. General government activities use the storage shed that was acquired this year it is deprecioted over a 10 -year period using the straight-line mothod with no residual value. The city uses the equipment for health and sanitation and depreciates it using the straight: line method over five years with no residual value. The investments are valued at $134,400 at the end of the yeat For the equipment that was ordered but not yet received, the City council ithe highest decision-making body in the government voted to honor the commitment when the equlpment eventually arrives a-1. Prepare a statement of activities for govemmental activities in government-wide financial statements for December 31.2020 , and the year then ended a-2. Prepare a statement of net position for governmental activities in povernment wide financiat statements for December 31.2020. and the year then ended. b-1. Prepace a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city apples the consumption method. b-2. Prepare a balance sheet for the geheral fund in fund financial statements as of December 31,2020 , and the year then endec. Assume that the city applios the consumption method. For the equipment that was ordered but not yet received, the City Council (the highest decision-making body in the government) voted to honor the commitment when the equipment eventualiy arrives. a-1. Prepare a statement of activities for governmental activities in government-wide financiai statements for December 31, 2020, and the year then ended. a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31,2020 , and the year then ended. b-1. Prepare a statement of revenves, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city applies the consumption method. b-2. Prepare a balance sheet for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city appies the consumption method. Complete this question by entering your answers in the tabs below. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city applies the consumption method. he following information pertains to the City of Willamson for 2020 , its first year of legal existence. For convenience, assume that all ransactions are for the general fund, which has three separate functions: general government, public safety, and healith and sanitation. Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total 521,200 . These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources. The city recelved a plece of art this year as a donation. It is valued at $17,600. The city plans to use it for general government purposes. The gift has no eligiblity requirements. The city chose not to capitalize this property. General government activities use the storage shed that was acquired this year it is deprecioted over a 10 -year period using the straight-line mothod with no residual value. The city uses the equipment for health and sanitation and depreciates it using the straight: line method over five years with no residual value. The investments are valued at $134,400 at the end of the yeat For the equipment that was ordered but not yet received, the City council ithe highest decision-making body in the government voted to honor the commitment when the equlpment eventually arrives a-1. Prepare a statement of activities for govemmental activities in government-wide financial statements for December 31.2020 , and the year then ended a-2. Prepare a statement of net position for governmental activities in povernment wide financiat statements for December 31.2020. and the year then ended. b-1. Prepace a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city apples the consumption method. b-2. Prepare a balance sheet for the geheral fund in fund financial statements as of December 31,2020 , and the year then endec. Assume that the city applios the consumption method. For the equipment that was ordered but not yet received, the City Council (the highest decision-making body in the government) voted to honor the commitment when the equipment eventualiy arrives. a-1. Prepare a statement of activities for governmental activities in government-wide financiai statements for December 31, 2020, and the year then ended. a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31,2020 , and the year then ended. b-1. Prepare a statement of revenves, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city applies the consumption method. b-2. Prepare a balance sheet for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city appies the consumption method. Complete this question by entering your answers in the tabs below. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31,2020 , and the year then ended. Assume that the city applies the consumption method