(The following information applies to the questions displayed below.) The City of Ashville operates an internal service fund to provide garage space and repairs for all city-owned-and-operated vehicles. The Central Garage Fund's preclosing trial balance for the current fiscal year is as follows: Credits Debits $110,000 9,000 90,000 50,000 250,000 Cash Due from Other Funds Inventory of Supplies Land Building Allowance for Depreciation-Building Machinery and Equipment Allowance for Depreciation-Machinery and Equipment Vouchers Payable Net Position-Net Investment in Capital Assets Net Position-Unrestricted $ 20,000 65,000 12,000 31,000 333,000 178,000 $574,000 $574,000 The following information, not yet reflected in the preclosing figures above, applies to the current fiscal year: 1. Supplies were purchased on account for $92,000; the perpetual inventory method is used. 2. The cost of supplies used during the year was $110,000. A physical count taken as of that date showed materials and supplies on hand totaled $72,000 at cost. 3. Salaries and wages paid to employees totaled $235,000, including related costs. 4. Billings totaling $30,000 were received from the enterprise fund for utility charges. The Central Garage Fund paid $27,000 of the amount owed. (At the government-wide level, record the payable amount as Internal Balances.) 5. Depreciation of the building was recorded in the amount of $10,000; depreciation of the machinery and equipment amounted to $9,000. 6. Billings to other departments for services provided to them were as follows: General Fund Special Revenue Fund $ 270,000 127,000 7. Unpaid interfund receivable balances were as follows: General Fund Special Revenue Fund Beginning of Year $2,500 6,500 End of Year $3,000 9,000 8. Vouchers payable at year-end were $16,000. 9. Closing entries were prepared for the Central Garage Fund (ignore government-wide closing entry) c. Prepare a statement of net position for the Central Garage Fund as of year-end. CITY OF ASHVILLE Central Garage Fund Statement of Net Position Assets Current Assets Total Current Assets Capital Assets Total Capital Assets Total Assets Liabilities Total Current Liabilities Net Position Net Investment in Capital Assets Unrestricted Total Net Position d. Where would the information be reported at the governmental activities level? As a separate enterprise fund As part of the governmental activities column