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$414,000

Franchise taxes43,000

Charges for general government services6,200

Charges for public safety services4,300

Charges for health and sanitation services47,800Issued long-term note payable314,000

Receivables at end of year:Property taxes (90% estimated to be collectible)100,800

Payments:Salary:General government60,200

Public safety32,800

Health and sanitation20,200

Rent:General government16,300

Public safety21,000

Health and sanitation3,900

Maintenance:General government27,600

Public safety5,700

Health and sanitation11,500

Insurance:General government8,400

Public safety ($3,800 still prepaid at end of year)15,300

Health and sanitation15,700

Interest on debt25,120

Principal payment on debt6,280

Storage shed194,000

Equipment120,000

Supplies (20% still held) (public safety)16,600

Investments92,000

Ordered but not received:Equipment16,500Due in one month at end of year:

Salaries:General government4,500

Public safety8,400

Health and sanitation 9300

on9,300

Compensated absences (such as vacations and sick days) are legally owed to general government workers at year-end total $19,500. 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 $23,900. 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 $109,900 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 statement of activities for governmental activities for December 31, 2017.
2. a-2. Prepare statement of net position for governmental activities for December 31, 2017.
3. b-1.Prepare 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 balance sheet for the general fund as of December 31, 2017. Assume that the city applies the consumption method.

A1: Prepare statement of activities for governmental activities for December 31, 2017.

A2: Prepare statement of net position for governmental activities for December 31, 2017.(Amounts to be deducted should be indicated by a minus sign.)

B1: Prepare 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.

B2: Prepare sheet for the general fund as of December 31, 2017. Assume that the city applies the consumption method.