The Cly of Bernard starts the year of $2024$ with the following unrestricted amounts in its general fund: cash of $$23,500$ and Required:

a$-1.$ Prepore s statement of activiles for governmentsl sctvities in government$-$wide finsncial statements for December $31,2024,$ and the year then ended.

a$-2$ Prepare s statement of net position for governmental activies in government$-$wide finsncial statements for December $31,2024,$ and the year then ended.

b$-1.$ Prepare a statement of revenues, expenditures, and other changes in fund bolances for the general fund in fund financial statements as of December $31,2024,$ and the year then ended. Assume the purchases method Is applied.

$b-2.$ Prepsre a bolance sheet for the geners fund in fund finsncisl statements as of December $31,2024,$ and the year then ended.

Assume the purchsses method is spplied.

Complete this question by entering your answers in the tabs below.

Res $22.$

Prepare a statement of net position for governmental activities in government$-$wide financial statements for December $31,2024,$ and the year then ended.

$\backslash$table$[[$CITY OF EEFNAFO$],[$atatemant of Nat Pocition$],[$Daomber $$1,2024],[,\backslash$table$[[$Govommental$],[$Actlvitlac$]],$Totale$],[$Acants:$],[$Cument asocts:$],[,,],[,,],[,,],[,,],[,,],[,,],[$Tokal cumant assota$],[$Captal assota:$],[,,],[,,],[,,],[,,],[,,],[$Total assota$],[$Liabilies:$],[$Cument labilies:$],[,,],[,,],[$Noncumant liabilides:$],[,,],[,,],[,,],[,,],[$Total labelloses$],[$Nat poeation$],[,,],[,,],[,,],[,,],[$Total nat poeition,,$]]$Required:

a$-1.$ Prepare a statement of activiles for governmentsl sctvities in government$-$wide finsncial statements for December $31,2024,$ and the year then ended.

a$-2$ Prepare a statement of net poaition for governmental activites in government$-$wide finsincisi statements for December $31,2024,$ and the year then ended.

$b-1.$ Prepare a statement of revenues, expenditures, and other changes In fund bolances for the general fund in fund financial statements as of December $31,2024,$ and the year then ended. Assume the purchases method is spplied.

$b-2.$ Prepare a bolance sheet for the genersl fund in fund finsncisl statements as of December $31,2024,$ and the year then ended.

Assume the purchsses method is applied.

Complete this question by entering your answers in the tabs below.

flour. A$.1$

Rasd $A2$

for$481$

ABg B$2.$

Prepare a balance sheet for the general fund in fund financial statements $33$ of December $31,2024,$ and the year then ended.

Asume the purchases method is applied.

$\backslash$table$[[$CITY OF BERNARD$],[$Balanos Bhast$],[$Governmantal Funds$],[$Decambar $31,2024],[,$Goneral Fund$],[$Acants:$],[,],[,],[,],[,[],[,],[$Total assenta$],[],[$Liabilios and fund balances:$],[$Unabilice:$],[,],[$Fund balances:$],[,],[,],[,],[,],[,],[$Total lablibes and fund balance,$]]$

Investments of $$96,500.$ In sdd'ton, it holds a smal bullding bought on Janusry $1,2023,$ for general government purposes for

$$359,000$ and a related lang$-$term debt of $$287,200.$ The bullding is depreciated on the straight$-$line method over $10$ years. The annusl

Interest rate on the debt is $10$ percent. The genersl fund hs: four seporate functions: genersl govemment, public ssfety, public works,

and hesith and sanitation. Other information Includes the following:

On the last doy of the year, the city borrows $$70,000$ from s local bonk and uses the money to buy s truck. The firat psyment on the

losn $($plus Interest$)$ will be made st the end of the next year.

The city opens a landfil thls year that it records within its general fund. It is a public worics functon. Closure costs todoy is estimsted ss

$$301,000$ sithough afficials do nat expect the landfil to be filed for nine mare years. The clty has incurred no costs to date. The landfill

is naw $15$ percent filed.

For the equlpment and supples that were ardered but nat yet recelved, the City Council $($the highest decislon$-$maling body in the

government; has voted to honor the commitment when the itema arrive.

The new bullding is deprecisted over $20$ years using the straight$-$line method and no residual value. Depreciation of the equipment is

similsr except that its iffe is only $10$ years. Assume the city records a full year's depreciation in the year of scqulaition.

The Inveatments have a market value of $$138,100$ at year$-$end.