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$394,000Franchise taxes51,400Charges for general government services5,800Charges for public safety services4,900Charges for health and sanitation services46,900Issued long-term note payable254,500Receivables at end of year:Property taxes (90% estimated to be collectible)94,200Payments:Salary:General government67,600Public safety44,200Health and sanitation25,300Rent:General government16,200Public safety22,300Health and sanitation4,800Maintenance:General government37,800Public safety6,900Health and sanitation10,600Insurance:General government9,900Public safety ($3,200 still prepaid at end of year)15,100Health and sanitation12,300Interest on debt20,360Principal payment on debt5,090Storage shed126,000Equipment128,500Supplies (20% still held) (public safety)24,900Investments109,000Ordered but not received:Equipment21,000Due in one month at end of year:Salaries:General government4,500Public safety8,700Health and sanitation9,300

Compensated absences (such as vacations and sick days) are legally owed to general government workers at year-end total $21,500. 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 $14,100. 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 $126,000 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.

1. a-1.Prepare a statement of activities for governmental activities for December 31, 2017.
2. a-2.Prepare a statement of net position for governmental activities for December 31, 2017.
3. 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.
4. b-2.Prepare a balance sheet for the general fund as of December 31, 2017. Assume that the city applies the consumption method.