I need help figuring out how to find the answers of Requirement D. Thanks!

During the year ended June 30,2020 , the following transactions and events occurred in the Town of Weston Water Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Billings to nongovernmental customers for water usage for the year amounted to $1,465,000; billings to the General Fund amounted to $124,000. 3. Liabilities for the following were recorded during the year: 4. Materials and supplies were used in the amount of $312,000, all for costs of sales and services. 5. After collection efforts were unsuccessful, $15,500 of old accounts receivable were written off. 6. Accounts receivable collections totaled $1,569,000 from nongovernmental customers and $52,900 from the General Fund. 7. $1,131,000 of accounts payable were paid in cash. 8. One year's interest in the amount of $191,500 was paid. 9. Construction was completed on plant assets costing $266,000; that amount was transferred to Utility Plant in Service. 10. Depreciation was recorded in the amount of $276,100. 11. The Allowance for Uncollectible Accounts was increased by $12,000. 12. As required by the loan agreement, cash in the amount of $118,000 was transferred to Restricted Assets for eventual redemption of the bonds. 13. Accrued expenses, all related to costs of sales and services, amounted to $117,000. 14. Nominal accounts for the year were closed. Required: a. Record the transactions for the year in general journal form. b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. c. Prepare a Statement of Net Position as of June 30, 2020. d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability (see item 3) was paid in entry 7. Include restricted assets as cash and cash equivalents. In the reconciliation, assume the Accounts Receivable is netted against the Allowance account. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Transaction & \multicolumn{2}{|c|}{ General Journal } & Debit & Credit \\ \hline \multirow[t]{2}{*}{1} & 1 & Accrued Expenses Payable & & 98,000 & \\ \hline & & Cash & & & 98,000 \\ \hline \multirow[t]{3}{*}{2} & 2 & Customer Accounts Receivable & & 1,465,000 & \\ \hline & & Due From Other Funds & & 124,000 & \\ \hline & & Operating Revenues-Charges for Sales & & & 1,589,000 \\ \hline \multirow[t]{5}{*}{3} & 3 & Materials and Supplies & & 214,000 & \\ \hline & & Operating Expenses-Costs of Sales & & 388,000 & \\ \hline & & Operating Expenses_Administrative & & 217,000 & \\ \hline & & Construction Work in Progress & & 236,000 & \\ \hline & & Accounts Payable & & & 1,055,000 \\ \hline \multirow[t]{2}{*}{4} & 4 & Operating Expenses-Costs of Sales & & 312,000 & \\ \hline & & Materials and Supplies & & & 312,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ TOWN OF WESTON } \\ \hline \multicolumn{2}{|c|}{ WATER UTILITY FUND } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended June 30, 2020} \\ \hline Revenues: & \\ \hline Operating Revenues-Charges for Sales & $1,577,000 \\ \hline \multicolumn{2}{|c|}{} \\ \hline Total Revenues & 1,577,000 \\ \hline Operating Expenses: & \\ \hline Costs of Sales & 817,000 \\ \hline Administrative Expenses & 217,000 \\ \hline Depreciation Expenses & 276,100 \\ \hline \multicolumn{2}{|c|}{} \\ \hline Total Operating Expenses & 1,310,100 \\ \hline Operating Income & 266,900 \\ \hline Nonoperating Income (Expenses): & \\ \hline Interest Expense & (191,500) \\ \hline & (191,500) \\ \hline Total Nonoperating (Expense) & \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Nonoperating Income (Expenses): & \\ \hline Interest Expense & (191,500) \\ \hline & \\ \hline \multicolumn{1}{|c|}{ Total Nonoperating (Expense) } & (191,500) \\ \hline Change in Net Position & 75,400 \\ \hline Net Position - Beginning of Year & 1,673,600 \\ \hline Net Position - End of Year & $1,749,000 \\ \hline \end{tabular} Required A \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ TOWN OF WESTON } \\ \hline \multicolumn{3}{|l|}{ WATER UTILITY FUND } \\ \hline \multicolumn{3}{|l|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|l|}{ For the Year Ended June 30, 2020} \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Operating Activities: } \\ \hline Cash Received from Customers & 2s & $1,621,900 \\ \hline Cash Paid to Suppliers & & (993,000) \\ \hline Net Cash Provided by Operating Activities & ( & 628,900 \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Noncapital Financing Activities: } \\ \hline Net Cash Provided by Noncapital Financing Activities & & \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Capital and Related Financing Activities: } \\ \hline Interest Paid on Long-Term Debt & & (191,500) \\ \hline Acquisition of Capital Assets & & (236,000) \\ \hline Net Cash Used for Capital and Related Financing Activities & ( & (427,500) \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Investing Activities: } \\ \hline Net Cash Provided from Investing Activities & ( & 00 \\ \hline Net Increase in Cash and Cash Equivalents & ( & 201,400 \\ \hline Cash and Cash Equivalents Beginning of Year & & 614,000 \\ \hline Cash and Cash Equivalents End of Year & & $815,400 \\ \hline \multicolumn{3}{|c|}{ Reconciliation of Operating Income to Net Cash Provided by Operating Activities: } \\ \hline Operating Income & $ & $266,9000 \\ \hline Decrease in Supplies Inventory & & (33,200) \\ \hline Decrease in Accounts Receivables & & (91,300) \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Reconciliation of Operating Income to Net Cash Provided by Operating Activities: } \\ \hline Operating Income & 2$ & 266,900 \\ \hline Decrease in Supplies Inventory & & (33,200) \\ \hline Decrease in Accounts Receivables & & (91,300) \\ \hline Increase in Interfund Receivables & 2 & 71,100 \\ \hline Decrease in Accounts Payables & 2 & (65,600) \\ \hline Depreciation Expense & & 2,905,100 \\ \hline Increase in Accrued Expenses Payable & Q & 215,000 \\ \hline Net Cash Provided by Operating Activities & 0$ & $3,268,000 \\ \hline \end{tabular} During the year ended June 30,2020 , the following transactions and events occurred in the Town of Weston Water Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Billings to nongovernmental customers for water usage for the year amounted to $1,465,000; billings to the General Fund amounted to $124,000. 3. Liabilities for the following were recorded during the year: 4. Materials and supplies were used in the amount of $312,000, all for costs of sales and services. 5. After collection efforts were unsuccessful, $15,500 of old accounts receivable were written off. 6. Accounts receivable collections totaled $1,569,000 from nongovernmental customers and $52,900 from the General Fund. 7. $1,131,000 of accounts payable were paid in cash. 8. One year's interest in the amount of $191,500 was paid. 9. Construction was completed on plant assets costing $266,000; that amount was transferred to Utility Plant in Service. 10. Depreciation was recorded in the amount of $276,100. 11. The Allowance for Uncollectible Accounts was increased by $12,000. 12. As required by the loan agreement, cash in the amount of $118,000 was transferred to Restricted Assets for eventual redemption of the bonds. 13. Accrued expenses, all related to costs of sales and services, amounted to $117,000. 14. Nominal accounts for the year were closed. Required: a. Record the transactions for the year in general journal form. b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. c. Prepare a Statement of Net Position as of June 30, 2020. d. Prepare a Statement of Cash Flows for the year ended June 30, 2020. Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability (see item 3) was paid in entry 7. Include restricted assets as cash and cash equivalents. In the reconciliation, assume the Accounts Receivable is netted against the Allowance account. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Transaction & \multicolumn{2}{|c|}{ General Journal } & Debit & Credit \\ \hline \multirow[t]{2}{*}{1} & 1 & Accrued Expenses Payable & & 98,000 & \\ \hline & & Cash & & & 98,000 \\ \hline \multirow[t]{3}{*}{2} & 2 & Customer Accounts Receivable & & 1,465,000 & \\ \hline & & Due From Other Funds & & 124,000 & \\ \hline & & Operating Revenues-Charges for Sales & & & 1,589,000 \\ \hline \multirow[t]{5}{*}{3} & 3 & Materials and Supplies & & 214,000 & \\ \hline & & Operating Expenses-Costs of Sales & & 388,000 & \\ \hline & & Operating Expenses_Administrative & & 217,000 & \\ \hline & & Construction Work in Progress & & 236,000 & \\ \hline & & Accounts Payable & & & 1,055,000 \\ \hline \multirow[t]{2}{*}{4} & 4 & Operating Expenses-Costs of Sales & & 312,000 & \\ \hline & & Materials and Supplies & & & 312,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ TOWN OF WESTON } \\ \hline \multicolumn{2}{|c|}{ WATER UTILITY FUND } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended June 30, 2020} \\ \hline Revenues: & \\ \hline Operating Revenues-Charges for Sales & $1,577,000 \\ \hline \multicolumn{2}{|c|}{} \\ \hline Total Revenues & 1,577,000 \\ \hline Operating Expenses: & \\ \hline Costs of Sales & 817,000 \\ \hline Administrative Expenses & 217,000 \\ \hline Depreciation Expenses & 276,100 \\ \hline \multicolumn{2}{|c|}{} \\ \hline Total Operating Expenses & 1,310,100 \\ \hline Operating Income & 266,900 \\ \hline Nonoperating Income (Expenses): & \\ \hline Interest Expense & (191,500) \\ \hline & (191,500) \\ \hline Total Nonoperating (Expense) & \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Nonoperating Income (Expenses): & \\ \hline Interest Expense & (191,500) \\ \hline & \\ \hline \multicolumn{1}{|c|}{ Total Nonoperating (Expense) } & (191,500) \\ \hline Change in Net Position & 75,400 \\ \hline Net Position - Beginning of Year & 1,673,600 \\ \hline Net Position - End of Year & $1,749,000 \\ \hline \end{tabular} Required A \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ TOWN OF WESTON } \\ \hline \multicolumn{3}{|l|}{ WATER UTILITY FUND } \\ \hline \multicolumn{3}{|l|}{ Statement of Cash Flows } \\ \hline \multicolumn{3}{|l|}{ For the Year Ended June 30, 2020} \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Operating Activities: } \\ \hline Cash Received from Customers & 2s & $1,621,900 \\ \hline Cash Paid to Suppliers & & (993,000) \\ \hline Net Cash Provided by Operating Activities & ( & 628,900 \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Noncapital Financing Activities: } \\ \hline Net Cash Provided by Noncapital Financing Activities & & \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Capital and Related Financing Activities: } \\ \hline Interest Paid on Long-Term Debt & & (191,500) \\ \hline Acquisition of Capital Assets & & (236,000) \\ \hline Net Cash Used for Capital and Related Financing Activities & ( & (427,500) \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Investing Activities: } \\ \hline Net Cash Provided from Investing Activities & ( & 00 \\ \hline Net Increase in Cash and Cash Equivalents & ( & 201,400 \\ \hline Cash and Cash Equivalents Beginning of Year & & 614,000 \\ \hline Cash and Cash Equivalents End of Year & & $815,400 \\ \hline \multicolumn{3}{|c|}{ Reconciliation of Operating Income to Net Cash Provided by Operating Activities: } \\ \hline Operating Income & $ & $266,9000 \\ \hline Decrease in Supplies Inventory & & (33,200) \\ \hline Decrease in Accounts Receivables & & (91,300) \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Reconciliation of Operating Income to Net Cash Provided by Operating Activities: } \\ \hline Operating Income & 2$ & 266,900 \\ \hline Decrease in Supplies Inventory & & (33,200) \\ \hline Decrease in Accounts Receivables & & (91,300) \\ \hline Increase in Interfund Receivables & 2 & 71,100 \\ \hline Decrease in Accounts Payables & 2 & (65,600) \\ \hline Depreciation Expense & & 2,905,100 \\ \hline Increase in Accrued Expenses Payable & Q & 215,000 \\ \hline Net Cash Provided by Operating Activities & 0$ & $3,268,000 \\ \hline \end{tabular}