Required information [The following information applies to the questions displayed below.] The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Debits Credits Accounts payable $ 101,000 Accounts receivable $ 25,300 Accrued interest payable 28,300 Agcumulated depre;iat%gn 45,500 Administrative and selling expenses ATari08 Allowance for uncollectible accounts Capital assets 706,000 Cash 90, 100 Charges for sales and services Cost of sales and services 494,000 Depreciation expense 45,500 Due from General Fund 17,100 Interest expense 40,200 Interest revenue 5,700 Transfer in from General Fund 115, 100 Bank note payable 625,200 Supplies inventory 18,200 Totals $1,483,900 $1,483,900 12,100 551,000 Required: a. Prepare the closing entries for December 31. b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31. c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.) Complete this question by entering your answers in the tabs below. Required | Required | Required A B C Prepare the closing entries for December 31. (If no entry is required for a transaction/event, select "No Journal Entry Reguired" in the first account field.) View transaction list Journal entry worksheet Record the closing entry for Village of Seaside Pines, Enterprise Fund. Note: Enter debits before credits. 31 Complete this question by entering your answers in the tab Required Required Required A B C Prepare the Statement of Revenues, Expenses, and Changes in Fu year ended December 31. (Deductions should be entered as a neg VILLAGE OF SEASIDE PINES, ENTERPRISE FUND Statement of Revenues, Expenses, and Changes in Fund Net Position For the Year Ended December 31, 2020 Revenues: Total Revenues 0 Operating Expenses: Total Operating Expenses 0 Operating Income (Loss) 0 Nonoperating Income (Expenses): Total Nonoperating Revenue 0 Income (Loss) Before Transfers 0 Transfer from General Fund Change in Net Position 0 Net Position - Beginning of Year Net Position - End of Year $ 0 Complete this question by entering your answers in the tabs below. Required Required : Required A B G Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.) Net Position: Lo SEEENEENEEREREENEENEENE (RN Total Net Position ($ 0]