The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned-and-operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows: Credits Debits $ 54,900 4,200 45,000 25,500 124,500 Cash Due from Other Funds Inventory of Supplies Land Building Allowance for Depreciation-Building Machinery and Equipment Allowance for Depreciation-Machinery and Equipment Vouchers Payable Net Position-Net Investment in Capital Assets Net Position-Unrestricted $ 9,900 32,100 6,000 15,600 166,200 88,500 $286,200 $286,200 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $45,900; the perpetual inventory method is used. 2. The cost of supplies used during the year was $54,900. A physical count taken as of that date showed materials and supplies on hand totaled $36,000 at cost. 3. Salaries and wages paid to employees totaled $117,600, including related costs. 4. Billings totaling $15,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $13,500 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 5. Depreciation of the building was recorded in the amount of $5,100; depreciation of the machinery and equipment amounted to $4,500. 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $135,000 63,600 7. Unpaid interfund receivable balances were as follows: Beginning of Year $1,200 3,000 End of Year $ 1,500 4,200 General Fund Special Revenue Fund 8. Vouchers payable at year-end were $8,100. 9. Closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry). c. Prepare a statement of net position for the Central Garage Fund as of year-end. CITY OF ASHVILLE Central Garage Fund Statement of Net Position Assets Current Assets $ 0 Total Current Assets Capital Assets: 0 0 0 Total Capital Assets Total Assets Liabilities Total Current Liabilities Net Position Net Investment in Capital Assets Unrestricted Total Net Position $ 0 d. Where would the information be reported at the governmental activities level? As a separate enterprise fund As part of the governmental activities column