The City of Bernard starts the year of 2017 with the following unrestricted amounts in its general fund: cash of $42,750 and investments of $80,000. In addition, it holds a small building bought on January 1, 2016, for general government purposes for $398,000 and related long-term debt of $318,400. The building is being depreciated on the straight-line method over 10 years. The interest rate 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: Propertv taxes Sales taxes Dividend income Charges for general government services Charges for public safety services Charges for public work:s Charges for health and sanitation services Charges for landfill Grant to be used for salaries for health workers (no eligibility $595,000 195,308 29,000 17,200 8, 350 4,500 33,400 8,500 requirements) Issued long-term note payable Sold above investments 31,100 215,000 97,050 Receivables at year-end: Property taxes ($17,300 is expected to be uncollectible) 140,006 Payments: Salary: General government Public safety Public works Health and sanitation (all from grant) 113,506 111,000 89,000 26.600 Utilities: General government Public safety Public works Health and sanitation 11,100 17,450 13,650 4,500 Insurance: General government Public safety Public works (all prepaid as of the end of the year) Health and sanitation 28,100 17,100 6,000 6,300 Miscellaneous: General government 17,100 14,100 13,550 11,050 31,840 17,900 19,350 210,006e 195,006 26,600 144,006 Public safety Public works Health and sanitation Interest on previous debt Principal payment on previous debt Interest on new debt Building (public works) Equipment (public safety) Public works supplies (30% still held) Investments Ordered but not received: Equipment Supplies 35,500 9,400 Due at end of vear: Salaries: General government Public safety Public works 17,200 20,150 6,600 On the last day of the year, the city borrowed $69,000 from a local bank and used that 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 started a landfill this year that it is recording within its general fund. It is included as a public works function. Closure costs today would be $297000 although the landfill is not expected to be filled for nine more years. The city has incurred no costs to date although the landfill is now 15 percent filled For the equipment and supplies that have been 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 are received. The new building is being depreciated over 20 years using the straight-line method and no salvage value, whereas 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 are valued at $153,050 at year-end. a-1. Prepare a statement of activities for governmental activities for December 31, 2017, and the year then ended. The City of Bernard starts the year of 2017 with the following unrestricted amounts in its general fund: cash of $42,750 and investments of $80,000. In addition, it holds a small building bought on January 1, 2016, for general government purposes for $398,000 and related long-term debt of $318,400. The building is being depreciated on the straight-line method over 10 years. The interest rate 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: Propertv taxes Sales taxes Dividend income Charges for general government services Charges for public safety services Charges for public work:s Charges for health and sanitation services Charges for landfill Grant to be used for salaries for health workers (no eligibility $595,000 195,308 29,000 17,200 8, 350 4,500 33,400 8,500 requirements) Issued long-term note payable Sold above investments 31,100 215,000 97,050 Receivables at year-end: Property taxes ($17,300 is expected to be uncollectible) 140,006 Payments: Salary: General government Public safety Public works Health and sanitation (all from grant) 113,506 111,000 89,000 26.600 Utilities: General government Public safety Public works Health and sanitation 11,100 17,450 13,650 4,500 Insurance: General government Public safety Public works (all prepaid as of the end of the year) Health and sanitation 28,100 17,100 6,000 6,300 Miscellaneous: General government 17,100 14,100 13,550 11,050 31,840 17,900 19,350 210,006e 195,006 26,600 144,006 Public safety Public works Health and sanitation Interest on previous debt Principal payment on previous debt Interest on new debt Building (public works) Equipment (public safety) Public works supplies (30% still held) Investments Ordered but not received: Equipment Supplies 35,500 9,400 Due at end of vear: Salaries: General government Public safety Public works 17,200 20,150 6,600 On the last day of the year, the city borrowed $69,000 from a local bank and used that 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 started a landfill this year that it is recording within its general fund. It is included as a public works function. Closure costs today would be $297000 although the landfill is not expected to be filled for nine more years. The city has incurred no costs to date although the landfill is now 15 percent filled For the equipment and supplies that have been 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 are received. The new building is being depreciated over 20 years using the straight-line method and no salvage value, whereas 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 are valued at $153,050 at year-end. a-1. Prepare a statement of activities for governmental activities for December 31, 2017, and the year then ended