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Required informetion The following information applies to the questions displayed below] The City of Saltwater Beach established an enterprise fund two years ago to construct

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Required informetion The following information applies to the questions displayed below] The City of Saltwater Beach established an enterprise fund two years ago to construct and operate Tribute Aquatic Center, a public swimming pool. The pool was completed and began operations last year. All costs, including repoyment of debt, are to be paid by user fees. The fund's preclosing trial balance for the current year, is shown below. Additional information concerning the Tribute Aquatic Center Fund follows. 1. All bonds payable were used to acquire property. plant, and equipment. 2. Each year, a payment is required on January 1 to retire an equal portion of the bonds payable. 3. Equipment was sold for cash at its carrying value of $9.200. 4. Total cash received from customers was $2,027,270 and cosh received for interest and dividends was $92.080; of this amount, $74,830 was restricted cash. There were no other changes to restricted cash during the year. 5. Cash peyments inctuded $1,033.130 for personnel expenses, $184,790 for utilities, $85.770 for repairs and mainteriance. $320.240 for interest on bonds, and $65,540 for supplies. 6. The beginning balance in Cash was \$97,730, Accounts Receivable wos \$3.020, 5upplies was \$9.510, and Accounts and Accrued Payables was 528,330 . Accrued Poyables include personinei expenses. ytilities, and repairs and maintenance. 7. The net position categories shown on the preclosing trial balance have not been updated to reflect correct batances at yearend. Pequired 3. Prepare the statement of revenues, expenses, and changes in fund net position for the Tribute Aquatic Center for the year just ended. (Deductlons should be indicated by o minus slgn.)

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