The following are several transactions the accountant identifies need to be adjusted on the reconciliation from the modified accrual to the full accrual basis. For each transaction, fill in the amounts (with reduction in brackets) for the adjustments that would be included in the reconciliation from fund based to government-wide statements. All transactions are for governmental funds activities unless otherwise stated. If no adjustment applies, state no adjustment. You can organize your answer as follows:

Transaction number Statement of Activities Statement of Net Position

a) The village made the final $40,000 principal payment on a long-term loan.

b) A utility van was purchased for $60,000 by the electric company. The electric company is accounted for as an enterprise fund.

c) Employees earn $20,000 in vested leave benefits. The benefits will not be taken now, but will be taken sometime in the future prior to retirement or as additional compensation at the time of retirement.

d) A fire truck was purchased for $75,000 by the fire department. Depreciation on the fire truck is calculated to be $20,000.

e) Deferred inflow of resources totaling $500,000 was deferred on the governmental funds balance sheet because of the available criterion.

f) The village sold land for $60,000. The land was purchased ten years ago for $10,000.