Receipts: Property taxes $426,000 Franchise taxes 45,500 Charges for general government services 7,500 Charges for public safety services 4,400 Charges for health and sanitation services 48,200 Issued long-term note payable 278,000 Receivables at end of year: Property taxes (90% estimated to be collectible) 99,600 Payments: Salary: General government 68,600 Public safety 45,700 Health and sanitation 24,000 Rent: General government 18,900 Public safety 22,400 Health and sanitation 3,900 Maintenance: General government 25,400 Public safety 5,400 Health and sanitation 10,200 Insurance: General government 8,600 Public safety ($4,700 still prepaid at end of year) 16,900 Health and sanitation 14,000 Interest on debt 22,240 Principal payment on debt 5,560 Storage shed 173,000 Equipment 105,000 Supplies (20% still held) (public safety) 21,800 Investments 107,000 Ordered but not received: Equipment 13,000 Liabilities, all of which are due in one month at end of year: Salaries: General government 3,900 Public safety 8,700 Health and sanitation 10,800 Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total $22,100. These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources. The city received a piece of art this year as a donation. It is valued at $20,600. The city plans to use it for general government purposes. The gift has no eligibility requirements. The city chose not to capitalize this property. General government activities use the storage shed that was acquired this year. It is depreciated over a 10-year period using the straight-line method with no residual value. The city uses the equipment for health and sanitation and depreciates it using the straight-line method over five years with no residual value. The investments are valued at $125,600 at the end of the year.

1. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.

2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.

1. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume that the city applies the consumption method.

2. Prepare a balance sheet for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume that the city applies the consumption method.