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 $424,000

Franchise taxes 43,100

Charges for general government services 6,700

Charges for public safety services 4,600

Charges for health and sanitation services 50,800

Issued long-term note payable 289,500

Receivables at end of year: Property taxes (90% estimated to be collectible) 97,200

Payments:

Salary: General government 67,250

Public safety 42,100

Health and sanitation 26,400

Rent: General government 20,200

Public safety 27,500

Health and sanitation 3,000

Maintenance: General government 24,600

Public safety 6,000

Health and sanitation 9,200

Insurance: General government 8,500

Public safety ($4,300 still prepaid at end of year) 15,500

Health and sanitation 20,900

Interest on debt 23,160

Principal payment on debt 5,790

Storage shed 192,000

Equipment 97,500

Supplies (20% still held) (public safety) 15,500

Investments 95,000 O

rdered but not received:

Equipment 19,000

Due in one month at end of year:

Salaries:

General government 4,500

Public safety 7,800

Health and sanitation 9,300

Compensated absences (such as vacations and sick days) are legally owed to general government workers at year-end total $15,000. 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 $22,400. 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 $112,800 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-1. Prepare a statement of activities for governmental activities for December 31, 2017. 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.