The City of San Juan operates its municipal airport. The Trial Balance of the Airport Fund (Enterprise Fund) as of January 1, 2023, was as follows: The following transaction occurs during the fiscal year during January - December 2023: 1. Record Bad Debts Expenses during the year: $2,000 2. Paid voucher payable fro $20,000 and 75% of other current payable. 3. Collected 75% of accounts receivables. 4. Revenues collected in cash diring tho vaar. 5. 6. Bond principal paid during the year, $50,000. 7. Interest expenses for the bond paid during the year, $40,000 3. Record revenues aviations on accounts for $300,000 and record $1,400 for uncollectible. 9. Purchases land for $100,000 for expansion airport and other equipment, record in plant, property and equipment for $150,000. 9. Received $155,500 in cash for record of accounts receivable in transaction 8 . 10. Accrued interest payable at the end of the year, $3,500. 11. Depreciation expenses for 2023,$35,000 12. Received $200,000 in cash for other revenues (nonoperating) Required 1. Record transaction for 1 until 12 2. Prepare the posting accounting in the T-accounts. 3. Record the closing entries for 2023. 4. Prepare the statement of revenues, expenses and change in net position for the fiscal year ended December 31,2023 5. Prepare the statement of net position for 2023