[The following Information applies to the questions displayed below] The City of Saltwater Beach established an enterprise fund two years ago to construct and operate Tribute Aquatic Center, a public swimming pool. The pool was completed and began operations last year. All costs, Including repayment of debt, are to be paid by user fees. The fund's preclosing trial balance for the current year, is shown below. Cash and Cash Equivalents, Accounts Receivable $ Debits 182,840 5,240 8,250 Credits Supplies Restricted Cash and Cash Equivalents Land 944,860 1,484,258 Buildings and Equipment 927,810 Accumulated Depreciation-Buildings and Equipment 41,750 Improvements Other Than Buildings 4,729,160 Accumulated Depreciation-Improvements Other Than Buildings Accounts and Accrued Payables 212,810 22,210 Current Portion of Long-Term Debt-Bonds 282,378 Bonds Payable Net Position-Net Investment in Capital Assets Net Position-Restricted Net Position-Unrestricted Charges for Services Interest and Dividend Income Personnel Expenses Utilities Expense Repairs and Maintenance Supplies Expense Depreciation Expense Interest Expense 6,212,140 174,490 869,398 84,260 2,045,580 92,750 1,036,800 189,010 82,320 67,380 137,330 322,500 $10,037,750 $10,037,750 Additional Information concerning the Tribute Aquatic Center Fund follows. 1. All bonds payable were used to acquire property, plant, and equipment. 2. Each year, a payment is required on January 1 to retire an equal portion of the bonds payable. 3. Equipment was sold for cash at its carrying value of $9,270. 4. Total cash received from customers was $2,042,720 and cash received for Interest and dividends was $92.750; of this amount, $75,470 was restricted cash. There were no other changes to restricted cash during the year. 5. Cash payments Included $1,041,020 for personnel expenses, $186,200 for utilities, $86,420 for repairs and maintenance, $322.500 for Interest on bonds, and $66,040 for supplies. 6. The beginning balance in Cash was $98,120, Accounts Receivable was $3,170, Supplies was $9.560, and Accounts and Accrued Payables was $28,480, Accrued Payables Include personnel expenses, utilities, and repairs and maintenance. 7. The net position categories shown on the preclosing trial balance have not been updated to reflect correct balances at year-end. Cash Flows from Operating Activities: Cash Received from Customers Cash Paid to: Utilities Repairs and Maintenance Suppliers Personnel Statement of Cash Flows For the Year Ended Net Cash Provided by Operations Cash Flows from Capital Financing Activities: Principal Paid on Capital Debt Interest Paid on Capital Debt Proceeds from Sale of Capital Assets Net Cash Used by Financing Activities Cash Flows from Investing Activities: Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning $ 2,042,720 $ (186,200) (86,420) (66,040) (1,041,020) 0 (1,379,680) 663,040 (9,270) (92,750) (102,020) 561,020 Cash and Cash Equivalents, Ending $ 581,020 Reconciliation of Cash and Cash Equivalents to the Balance Sheet End of Year Beginning of Year Cash and Cash Equivalents in Current and Accrued Assets Restricted Cash and Cash Equivalents Total Cash and Cash Equivalents S Reconciliation of Operating Income to Net Cash Provided by Operations Operating Income Adjustments: Depreciation Expense $ Required information Net Cash Provided by Operations Cash Flows from Capital Financing Activities: Principal Paid on Capital Debt Interest Paid on Capital Debt Proceeds from Sale of Capital Assets Net Cash Used by Financing Activities Cash Flows from Investing Activities: Net Increase in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning (1,379,680) 663,040 (9,270) (92,750) 0 (102,020) 561,020 Cash and Cash Equivalents, Ending $ 561,020 Reconciliation of Cash and Cash Equivalents to the Balance Sheet End of Year Beginning of Year Cash and Cash Equivalents in Current and Accrued Assets Restricted Cash and Cash Equivalents Total Cash and Cash Equivalents Operating Income Adjustments: $ 0 $ 0 Reconciliation of Operating Income to Net Cash Provided by Operations Depreciation Expense Increase in Accounts Receivable Decrease in Supplies Decrease in Accounts and Accrued Payables Net Cash Provided by Operating Activities $ 0