Long$-$Term Liabilities in the Government$-$Wide and Fund Statements

The City of Fremont's fiscal year ends June $30.$ The city issued the following general obligation bonds:

On July $1,2017,$ the city issued $4$ percent, $$100,000$ face value, $10-$year bonds for $$108,531,$ to yield $3$ percent. Interest is payable on June $30$ of each year.

On January $1,2019,$ the city issued $2$ percent, $$100,000$ face value, $10-$year bonds for $$91,470,$ to yield $3$ percent. Interest is payable on December $31$ of each year.

a$.$ Determine the amounts reported in the government$-$wide statement of activities and statement of net position for fiscal year $2020,$ related to the bonds.

HINT: Use the effective interest method and assume the total annual interest expense reported for the second bond is split equally between the two fiscal years. Round answers to the nearest dollar.

b$.$ Determine the amounts reported in the governmental funds statement of revenues, expenditures, and changes in fund balances and balance sheet for fiscal year $2020,$ related to the bonds.