The City of Somerset has the following fund information: Fund General Special revenue Capital project-library Capital project-arena Debt service Permanent Enterprise-electric Enterprise-water Assets Liabilities Revenues $1,325,400 $ 880,300 $4,631,000 28,100 20,200 348,000 453,000 38,200 465,000 29,000 18,000 41,300 42,200 341,000 251,500 13,000 2,658,000 1,810,700 296,500 1,363,000 1,102,000 336,000 Expenditures (Expenses) $4,561,000 349,000 425,000 56,000 299,500 18,700 251,000 306,000 Required: Apply the criteria specified in GASB 34 to determine which of these funds meets the major fund reporting criteria. Meets 10 percent criterion tests Liabilities Revenues Expenditures / Expenses Assets General Special Revenue Capital project - Library Capital project - Arena Debt service Permanent Enterprise - Electric Enterprise - Water Meets 5 percent criterion tests Liabilities Revenues Expenditures / Expenses Assets Capital Project - Library Permanent Enterprise - Electric Enterprise - Water So the major funds are (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers.): ? General Fund 2 Capital Projects-Library Fund 2 Enterprise-Electric Fund 2 Enterprise-Water Fund Capital Project-Arena Fund ? Debt Service Fund Permanent Fund 2 Special Revenue Fund