Problem 5: The information below pertains to the Village of Brexitville for the year ended December 31, 2021.

1. Purchased new Apple desktop and laptop computers at the beginning of 2021 for $72,000; the computers are expected to last 4 years and have no salvage value;
2. Paid $41,000 to the federal government representing the Villages payroll taxes for FICA and Medicare;
3. Paid $50,000 to retire bonds payable; paid semi-annual interest on bonds of $2,000;
4. Received a bill for $1,800 on January 2, 2022, from Peoples Gas for natural gas used in November and December, 2021, to heat government facilities.

Required:

Based on the preceding transactions, compute total expenditures for the local government assuming events A, B, and D are recorded in the general fund, and event C is recorded in a debt service fund. Assume the bond transactions in event C are for general obligation bonds.

Then compute total expenses for the government assuming all transactions are recorded in the Villages water utility enterprise fund. Assume the bond transactions in event C are for revenue bonds. The Village uses straight-line depreciation.

Use this chart below for answers:

Item	General Fund	Debt Service Fund	Enterprise Fund
Apple computers
Payroll taxes
Bond principal
Bond interest
Gas bill
Depreciation
Total expenditures/expenses	$	$	$