The City of Bernard starts the year of 2020 with the following unrestricted amounts in its general fund: cash of $42,250 and investments of $80,250. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $303,000 and a related long-term debt of $242,400. 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 Sales taxes Dividend income $598,000 102,900 23,000 Charges for general government services 16,900 Charges for public safety services 9,950 Charges for public works 4,200 Charges for health and sanitation services. 40,100 Charges for landfill 8,600 Grant to be used for salaries for health workers (no eligibility requirements) 32,700 Issued long-term note payable 221,000 Sold investments (mentioned above) 97,050 Receivables at year-end: Property taxes ($18,800 is expected to be uncollectible) 135,500 Payments: Salary: General government Public safety Public works Health and sanitation (all from grant) Utilities: General government 123,000 112,250 73,250 27,000 12,900 Public safety 19,850 Public works 13,050 Health and sanitation 5,100 Insurance: General government 26,500 Public safety 20,400 Public works (all prepaid as of the end of the year) 6,300 Health and sanitation 6,300 General government Miscellaneous: Public safety Public works Health and sanitation Interest on previous debt Principal payment on previous debt 13,100 12,700 9,800 11,000 24,240 11,800 Principal payment on previous debt Interest on new debt 11,800 19,890 Building (public works) 216,000 Equipment (public safety) 105,000 Public works supplies (30% still held) 28,400 Investments 147,000 Ordered but not received: Equipment 28,250 11,250 Supplies Due at end of year: Salaries: General government Public safety Public works 21,600 17,600 5,700 On the last day of the year, the city borrows $69,000 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 $286,500 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 $154,500 at year-end. a-1. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended. a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, 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, 2020, 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, 2020, and the year then ended. Assume the purchases method is applied. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended. (For columns under "Net (Expense) Revenue and Changes in Net Position", enter values to be deducted with negative sign. Enter rest of the values as positive.) CITY OF BERNARD Statement of Activities For Year Ended December 31, 2020 Program Revenues Functions/Programs Expenses Charges for Services Grants and Contributions Net (Expense) Revenue and Changes in Net Position Governmental Activities Total Governmental activities: General government Public safety Public works Health and sanitation Interest on debt Total governmental activities General revenues: Property taxes Sales taxes Dividend income Gain on sale of investments Gain on value of investments Total general revenues Change in net position: Change during 2020 Net position-beginning Net position-ending $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0