[The following information applies to the questions displayed below.]

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.

	Debits			Credits
Accounts payable				$	114,000
Accounts receivable	$	30,400
Accrued interest payable					33,600
Accumulated depreciation					52,000
Administrative and selling expenses		54,000
Allowance for uncollectible accounts					13,600
Capital assets		726,000
Cash		98,600
Charges for sales and services					573,000
Cost of sales and services		506,000
Depreciation expense		52,000
Due from General Fund		17,900
Interest expense		41,100
Interest revenue					5,900
Transfer in from General Fund					125,200
Bank note payable					628,800
Supplies inventory		20,100
Totals	$	1,546,100		$	1,546,100

Required: a. Prepare the closing entries for December 31. b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31. c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.)