The City of Evansville operated a summer camp program for at-risk youth. Businesses and nonprofit organizations sponsor one or more youth by paying the registration fee for program participants. The following Schedule of Cash Receipts and Disbursements summarizes the activity in the programs bank account for the year. At the beginning of 2017, the program had unrestricted cash of $24,000. Cash Basis 12 months Cash receipts: Registration fees $ 128,000 Borrowing from bank 54,000 Total deposits 182,000 Cash disbursements: Wages 69,200 Payroll taxes 9,300 Insurance (paid monthly) 6,300 Purchase of bus 63,000 Interest on bank note 1,620 Total checks 149,420 Excess of receipts over disbursements $ 32,580 The loan from the bank is dated April 1 and is for a five-year period. Interest (6 percent annual rate) is paid on October 1 and April 1 of each year, beginning October 1, 2017. The bus was purchased on April 1 with the proceeds provided by the bank loan and has an estimated useful life of five years (straight-line basisuse monthly depreciation). All invoices and salaries related to 2017 had been paid by close of business on December 31, except for the employers portion of December payroll taxes, totaling $1,200. Required: a. Prepare the journal entries, closing entries, and a Statement of Revenues, Expenses, and Changes in Fund Net Position assuming the City intends to treat the summer camp program as an enterprise fund. b. Prepare the journal entries, closing entries, and a Statement of Revenues, Expenditures, and Changes in Fund Balance assuming the City intends to treat the summer camp program as a special revenue fund.