Jefferson County operates a centralized motor pool to service county vehi- cles. At the end of 2019, the Motor Pool Internal Service Fund had the fol- lowing account balances: Credits Debits $ 7,000 17,500 35,000 4,000 Due from General Fund Cash Capital assets Supplies inventory Accounts payable Accrued wages payable Accumulated depreciation Advance from enterprise fund Net position Total $ 5,500 300 6,500 25.000 26,200 $63.500 $63,500 The following events took place during 2020: 1. Additional supplies were purchased on account in the amount of $37.500. 2. Services provided to other departments on account totaled $96,000. A total of $66,000 was for departments in the General Fund and $30,000 for enterprise fund departments. 3. Supplies used amounted to $36.700. 4. Payments made on accounts payable amounted to $38.800. 5. Cash collected from the General Fund totaled $62,000, and cash col- lected from the enterprise fund totaled $30,000. 6. Salaries were paid in the amount of $47.900. Included in this amount is the accrued wages payable at the end of 2019. All of these are determined to be part of the cost of services provided. 7. In a previous year, the enterprise fund loaned the motor pool money under an advance for the purpose of purchasing garage equipment. In the current year, the motor pool repaid the enterprise fund $8,000 of this amount 8. On July 1, 2020, the Motor Pool Fund borrowed $12,000 from the bank, signing a 12 percent note that is due in two years with annual interest payments on June 30. The borrowings are not related to capi- tal asset purchases but were made to provide working capital. Additional information includes: 9. Depreciation for the year amounted to $6,900. 10. The payment of interest on the note is payable on June 30, 2021. 11. Unpaid wages relating to the final week of the year totaled $980. a. Prepare journal entries and post entries to the T-accounts. b. Prepare closing entries. c. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. d. Prepare a Statement of Net Position. e. Prepare a Statement of Cash Flows for the year