The City of Bernard starts the year of $2024$ with the following unrestricted amounts in its general fund: cash of $$36,750$ and investments of $$71,750.$ In addition, it holds a small building bought on January $1,2023,$ for general government purposes for $$346,000$ and a related long$-$term debt of $$276,800.$ 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 $ $605,000$

Sales taxes $99,600$

Dividend income $28,000$

Charges for general government services $15,000$

Charges for public safety services $8,250$

Charges for public works $3,900$

Charges for health and sanitation services $38,000$

Charges for landfill $11,700$

Grant to be used for salaries for health workers $($no eligibility requirements$)30,600$

Issued long$-$term note payable $230,000$

Sold investments $($mentioned above$)86,250$

Receivables at year$-$end:

Property taxes $($$$10,000$ is expected to be uncollectible$)150,000$

Payments:

Salary:

General government $129,000$

Public safety $109,250$

Public works $77,750$

Health and sanitation $($all from grant$)26,100$

Utilities:

General government $13,800$

Public safety $19,300$

Public works $15,350$

Health and sanitation $6,600$

Insurance:

General government $31,500$

Public safety $21,700$

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

Health and sanitation $5,100$

Miscellaneous:

General government $16,000$

Public safety $10,000$

Public works $9,800$

Health and sanitation $7,800$

Interest on previous debt $27,680$

Principal payment on previous debt $18,200$

Interest on new debt $20,700$

Building $($public works$)228,000$

Equipment $($public safety$)102,000$

Public works supplies $(30\%$ still held$)26,300$

Investments $112,000$

Ordered but not received:

Equipment $32,500$

Supplies $8,350$

Due at end of year:

Salaries:

General government $14,600$

Public safety $19,250$

Public works $5,700$

On the last day of the year, the city borrows $$72,000$ 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 $$304,500$ 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 $$121,000$ at year$-$end.

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.