The City of Bernard starts the year of $2024$ with the following unrestricted amounts in its general fund: cash of $$26,000$ and investments of $$86,750.$ In addition, it holds a small building bought on January $1,2023,$ for general government purposes for $$366,000$ and a related long$-$term debt of $$292,800.$ The building is depreciated on the straight$-$line method over $10$ years. The annual interest rate on the debt is $10$ percent. The general fund has four separate functions: general government, public safety, public works, and health and sanitation. Other information includes the following:

Receipts:

Property taxes $ $563,000$

Sales taxes $108,100$

Dividend income $24,000$

Charges for general government services $15,900$

Charges for public safety services $11,700$

Charges for public works $5,100$

Charges for health and sanitation services $36,900$

Charges for landfill $9,150$

Grant to be used for salaries for health workers $($no eligibility requirements$)29,800$

Issued long$-$term note payable $212,000$

Sold investments $($mentioned above$)102,650$

Receivables at year$-$end:

Property taxes $($$$11,400$ is expected to be uncollectible$)166,500$

Payments:

Salary:

General government $113,000$

Public safety $95,250$

Public works $87,750$

Health and sanitation $($all from grant$)25,900$

Utilities:

General government $13,150$

Public safety $18,900$

Public works $15,300$

Health and sanitation $6,000$

Insurance:

General government $32,400$

Public safety $20,400$

Public works $($all prepaid as of the end of the year$)7,200$

Health and sanitation $6,600$

Miscellaneous:

General government $16,900$

Public safety $13,300$

Public works $10,150$

Health and sanitation $8,250$

Interest on previous debt $29,280$

Principal payment on previous debt $16,300$

Interest on new debt $19,080$

Building $($public works$)222,000$

Equipment $($public safety$)90,000$

Public works supplies $(30\%$ still held$)23,000$

Investments $146,000$

Ordered but not received:

Equipment $41,500$

Supplies $11,600$

Due at end of year:

Salaries:

General government $17,900$

Public safety $19,600$

Public works $6,300$

On the last day of the year, the city borrows $$73,000$ from a local bank and uses the money to buy a truck. The first payment on the loan $($plus interest$)$ will be made at the end of the next year.

The city opens a landfill this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $$267,500$ although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now $15$ percent filled.

For the equipment and supplies that were ordered but not yet received, the City Council $($the highest decision$-$making body in the government$)$ has voted to honor the commitment when the items arrive.

The new building is depreciated over $20$ years using the straight$-$line method and no residual value. Depreciation of the equipment is similar except that its life is only $10$ years. Assume the city records a full year$$s depreciation in the year of acquisition.

The investments have a market value of $$153,550$ at year$-$end.

Required:

a$-1.$ Prepare a statement of activities for governmental activities in government$-$wide financial statements for December $31,2024,$ and the year then ended.

a$-2.$ Prepare a statement of net position for governmental activities in government$-$wide financial statements for December $31,2024,$ and the year then ended.

b$-1.$ Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December $31,2024,$ and the year then ended. Assume the purchases method is applied.

b$-2.$ Prepare a balance sheet for the general fund in fund financial statements as of December $31,2024,$ and the year then ended. Assume the purchases method is applied.