Please create the statement of activities and the statement of net position: The City of Pfeiffer starts the year of $2020$ with the general fund and an enterprise fund. The general fund has two activities: education and parks$/$recreation$.$ For convenience, assume that the general fund holds $$123,000$ cash and a new school building costing $$1$ million. The city utilizes straight$-$line depreciation. The building has a $20-$year life and no residual value. The enterprise fund has $$62,000$ cash and a new $$600,000$ civic auditorium with a $30-$year life and no residual value. The enterprise fund monitors one activity, the rental of the civic auditorium for entertainment and other cultural affairs.Prepare the $2020$ government$-$wide financial state

The following transactions for the city take place during $2020.$ Assume that the city$$s fiscal year ends on December $31.$

Decides to build a municipal park and transfers cash of $$70,000$ into a capital projects fund. Both the creation of this fund and the transfer were made by the highest level of government authority. The city immediately expends $$20,000$ to acquire three acres of land.

Borrows $$110,000$ cash on a long$-$term bond for use in creating the new municipal park.

Assesses property taxes on the first day of the year. The assessment, which is immediately enforceable, totals $$600,000.$ Of this amount, $$510,000$ will be collected during $2020.$ Officials expect another $$50,000$ during the first month of $2021.$ They anticipate the remainder halfway through $2021.$

Constructs a covered building in the new municipal park for $$80,000$ cash so that local citizens can play basketball when it rains. The building is put into service on July $1.$ It should last $10$ years with no expected residual value.

Builds a sidewalk through the new park for $$10,000$ cash and puts it into service on July $1.$ The sidewalk should normally last for $10$ years, but the city plans to keep it fixed up to a predetermined quality level so that it can last almost indefinitely.

Opens the park and charges an entrance fee of only a token amount. The city reports the park within its general fund. Collections during the first year of operations total $$8,000.$

Buys a new parking deck for $$200,000,$ paying $$20,000$ cash and signing a long$-$term note for the rest. The parking deck, which goes into operation on July $1,$ is across the street from the civic auditorium and is considered part of that activity. It has a $20-$year life and no residual value.

Receives a $$100,000$ cash grant for the city school system that must be spent for school lunches for children in low$-$income families. Officials view the appropriate spending of these funds as an eligibility requirement of this grant. During the current year, $$37,000$ of the amount received was spent for the intended purpose.

Charges students in the school system a total fee of $$6,000$ for books and the like. Of this amount, $90$ percent is collected during $2020$ with the remainder expected to be collected in the first few weeks of $2021.$

Buys school supplies for $$22,000$ cash and uses $$17,000$ of them. The general fund applies the purchases method.

Receives a painting by a local artist to be displayed in the local school. It qualifies as a work of art, and officials have chosen not to capitalize it$.$ The painting has a value of $$80,000.$ Officials have set up security precautions so that the painting will be viewed as inexhaustible.

Transfers $$20,000$ cash from the general fund to the enterprise fund as a capital contribution.

Orders a school bus for $$99,000.$

Receives the school bus and pays an actual cost of $$102,000,$ including transportation and other necessary costs. The bus goes into operation on October $1.$ It should last for five years with no residual value.

Pays salaries of $$240,000$ to school teachers. In addition, owes and will pay $$30,000$ during the first two weeks of $2021.$ Vacations worth $$23,000$ have also been earned by the teachers but will not be taken until July $2021.$

Pays salaries of $$42,000$ to city auditorium workers. In addition, owes and will pay $$3,000$ in the first two weeks of $2021.$ Vacations worth $$5,000$ have also been earned by the workers but will not be taken until July $2021.$

Charges customers $$130,000$ for short$-$term rental of the civic auditorium. Of this balance, collects $$110,000$ in cash and will collect the remainder in April $2021.$

Pays $$9,000$ maintenance charges for the building and sidewalk in $($d$)$ and $($e$).$

Pays $$14,000$ on the bond in $($b$)$ on the last day of $2020$: $$5,000$ principal and $$9,000$ interest.

Accrues interest of $$13,000$ on the note in $($g$)$ as of the end of $2020,$ an amount the city will pay in June $2021.$

Assumes a museum operating within the city is a component unit that will be discretely presented. The museum reports to city officials that it incurred $$42,000$ of direct expenses this past year and earned $$50,000$ in revenues from admission charges. The only assets held at year$-$end were cash of $$24,000,$ building $($net of depreciation$)$ of $$300,000,$