The following information pertains to the City of Williamson for 2020 , 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. Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total $15,400. These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources. plies the consumption method