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 Funds preclosing trial balance for the current fiscal year is as follows:

	Debits				Credits
Cash	$	110,000
Due from Other Funds		9,000
Inventory of Supplies		90,000
Land		50,000
Building		250,000
Allowance for DepreciationBuilding					$	20,000
Machinery and Equipment		65,000
Allowance for DepreciationMachinery and Equipment						12,000
Vouchers Payable						31,000
Net PositionNet Investment in Capital Assets						333,000
Net PositionUnrestricted						178,000
	$	574,000			$	574,000

The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year:

1. Supplies were purchased on account for $92,000; the perpetual inventory method is used.
2. The cost of supplies used during the year was $110,000. A physical count taken as of that date showed materials and supplies on hand totaled $72,000 at cost.
3. Salaries and wages paid to employees totaled $235,000, including related costs.
4. Billings totaling $30,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $27,000 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 $10,000; depreciation of the machinery and equipment amounted to $9,000.
6. Billings to other departments for services provided to them were as follows:

General Fund	$	270,000
Special Revenue Fund		127,000

7. Unpaid interfund receivable balances were as follows:

	Beginning of Year				End of Year
General Fund	$	2,500			$	3,000
Special Revenue Fund		6,500				9,000

8. Vouchers payable at year-end were $16,000. 9. Closing entries were Prepared for the Central Garage Fund (ignore government-wide closing entry).

Assume all expenses at the government-wide level are charged to the General Government function. Prepare journal entries to record all of the transactions for this period in the Central Garage Fund accounts and in the governmental activities accounts.

Prepare closing entries for the Central Garage Fund (ignore government-wide closing entry).

Prepare a statement of net position for the Central Garage Fund as of year-end.