The City of Sandwich purchased a swimming pool from a private operator as of Apeil 1.2020, for $400,000, of which $200,000 was provided by a one-time contribution from the General Fund, and $200.000 was provided by a loon from the First Notional Bank, secured by a note. The loan has an annual interest rate of 6 percent, payable semionnuaby on Octobee 1 and April 1; principal payments of $100,000 are to be made annually, beginning on April 1. 2021. The city has a calendsr year as its fiscal year, During the year ended December 31, 2020, the following transoctions occurred rolated to the City of Snndwich Swimming Pool: 1. The amounts were received from the City General Fund and the First National Bank 2. A loan was provlded in the amount of 5125,000 from the Water Uility Fund to provide working capital 3. The purchase of the pool was recorded. Based on an appraisal, it was decided to allocate $100.000 to the land, $200,000 to improvements other than bulldings the pooll, and $100,000 to the building. 4. Charges to potrons during the season amounted to $242.000, oll recelved in cost. 5. Salaries paid to employees amounted to $115,000, all pald in cash, of which $75,000 was cost of services and $40.000 was administration. 6. Supplies purchased amounted to $40.000; all but $5.000 was used. Cash was pald for the supplies, ali of which Wha for cost of sales and services. 7. Administrative expenses ameunted to $16,500, paid in cash. B. The fist interest payment was made to the First National Bank. 9. The short term loan was repaid to the Water Utility Fund. 10. Depreciation of $18,500 for the pool and $6,000 on the buliding was recorded for the nine months they were in aperation. 11. interest was accrued for the year. 12. Closing entdes were prepared Aequired a. Prepare entries to record the transactiens. b. Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31 , 2020, for the City of Sandwich Swimming Pool Fund. c. Prepare a Statement of Net Position as of December 31, 2020, for the City of Sandwich Swimming Pool Fund. d. Prepare a Statement of Cash Flows for the year ended December 31, 2020, for the City of Sandwich Swimming Poel Fund. Prepare entries to record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required") Journal entry worksheet The amounts were received from the City Genrral Fund and the First National Bank. Prepare the journj entry to record the cash receipt. Note: Enter debits before credits