The City of Sandwich purchased a swimming pool from a private operator as of April $1,2020,$ for $$400,000,$ of which $$200,000$ was provided by a one$-$time contribution from the General Fund, and $$200,000$ was provided by a loan from the First National Bank, secured by a note. The loan has an annual interest rate of $6$ percent, payable semiannually on October $1$ and April $1$; principal payments of $$100,000$ are to be made annually, beginning on April $1,2021.$ The city has a calendar year as its fiscal year. During the year ended December $31,2020,$ the following transactions occurred related to the City of Sandwich Swimming Pool:

The amounts were received from the City General Fund and the First National Bank.

A loan was provided in the amount of $$125,000$ from the Water Utility Fund to provide working capital.

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 buildings $($the pool$),$ and $$100,000$ to the building.

Charges to patrons during the season amounted to $$242,000,$ all received in cash.

Salaries paid to employees amounted to $$115,000,$ all paid in cash, of which $$75,000$ was cost of services and $$40,000$ was administration.

Supplies purchased amounted to $$40,000$; all but $$5,000$ was used. Cash was paid for the supplies, all of which was for cost of sales and services.

Administrative expenses amounted to $$16,500,$ paid in cash.

The first interest payment was made to the First National Bank.

The short$-$term loan was repaid to the Water Utility Fund.

Depreciation of $$18,500$ for the pool and $$6,000$ on the building was recorded for the nine months they were in operation.

Interest was accrued for the year.

Closing entries were prepared.

Required:

Prepare entries to record the transactions.

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.

Prepare a Statement of Net Position as of December $31,2020,$ for the City of Sandwich Swimming Pool Fund.

Prepare a Statement of Cash Flows for the year ended December $31,2020,$ for the City of Sandwich Swimming Pool Fund.