The following information pertains to the City of Williamson for 2017, its first year of legal existence. For convenience, assume that all transactions are for the general fund, which has three separate functions: general government, public safety, and health and sanitation.

Receipts:
Property taxes	$422,000
Franchise taxes	48,500
Charges for general government services	8,500
Charges for public safety services	3,200
Charges for health and sanitation services	42,400
Issued long-term note payable	280,500
Receivables at end of year:
Property taxes (90% estimated to be collectible)	92,500
Payments:
Salary:
General government	69,850
Public safety	46,200
Health and sanitation	30,700
Rent:
General government	12,200
Public safety	20,100
Health and sanitation	3,900
Maintenance:
General government	27,800
Public safety	6,600
Health and sanitation	10,000
Insurance:
General government	9,800
Public safety ($3,700 still prepaid at end of year)	13,100
Health and sanitation	14,700
Interest on debt	22,440
Principal payment on debt	5,610
Storage shed	158,000
Equipment	122,500
Supplies (20% still held) (public safety)	18,500
Investments	108,000
Ordered but not received:
Equipment	14,500
Due in one month at end of year:
Salaries:
General government	6,900
Public safety	9,600
Health and sanitation	10,200

Compensated absences (such as vacations and sick days) are legally owed to general government workers at year-end total $20,700. These amounts will not be taken by the employees until so late in 2018 that the payment is not viewed as requiring 2017 current financial resources.

The city received a piece of art this year as a donation. It is valued at $20,500. It will be used for general government purposes. There are no eligibility requirements. The city chose not to capitalize this property.

The general government uses the storage shed that was acquired this year. It is being depreciated over 10 years using the straight-line method with no salvage value. The city uses the equipment for health and sanitation and depreciates it using the straight-line method over five years with no salvage value.

The investments are valued at $130,500 at the end of the year.

For the equipment that has been ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the equipment is received.

a-2. Prepare a statement of net position for governmental activities for December 31, 2017.

b-1. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund as of December 31, 2017. Assume that the city applies the consumption method.

b-2. Prepare a balance sheet for the general fund as of December 31, 2017. Assume that the city applies the consumption method.