Problem 17-35 (LO 17-5, 17-7, 17-9) The following information pertains to the City of Williamson for 2017, its first year of legal existence. For convenience, assume that all transactions are for the general fund, which has three separate functions: general government, public safety, and health and sanitation. Receipts: Property taxes Franchise taxes Charges for general government services $415,000 42,100 4,800 Charges for public safety services 5,900 Charges for health and sanitation services 49,600 Issued long-term note payable 280,000 Receivables at end of year: Property taxes (90% estimated to be collectible) 93,200 Payments: Salary: General government Public safety Health and sanitation Rent: 68,100 38,000 24,400 General government Public safety Health and sanitation Maintenance: 11,700 21,700 4,800 General government 29,200 Public safety 6,900 Health and sanitation 8,500 Insurance: General government 10,500 Public safety ($3,900 still prepaid at end of year) 13,800 Health and sanitation 20,500 Interest on debt 22,400 Principal payment on debt 5,600 Storage shed 183,000 Equipment 97,000 Supplies (20% still held) (public safety) 17,900 Investments 89,000 Ordered but not received: Equipment 17,000 Due in one month at end of year: Salaries: General government Public safety Health and sanitation 6,600 8,700 8,100