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	$444,000
Franchise taxes	48,200
Charges for general government services	7,600
Charges for public safety services	3,600
Charges for health and sanitation services	45,100
Issued long-term note payable	291,000
Receivables at end of year:
Property taxes (90% estimated to be collectible)	92,600
Payments:
Salary:
General government	66,500
Public safety	48,500
Health and sanitation	29,100
Rent:
General government	20,900
Public safety	27,100
Health and sanitation	3,000
Maintenance:
General government	31,600
Public safety	6,600
Health and sanitation	10,300
Insurance:
General government	9,100
Public safety ($3,100 still prepaid at end of year)	13,900
Health and sanitation	19,200
Interest on debt	23,280
Principal payment on debt	5,820
Storage shed	177,000
Equipment	114,000
Supplies (20% still held) (public safety)	19,500
Investments	88,000
Ordered but not received:
Equipment	16,000
Due in one month at end of year:
Salaries:
General government	4,200
Public safety	6,900
Health and sanitation	9,600

Compensated absences (such as vacations and sick days) are 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 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 $23,200. 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 $107,500 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-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.

Req A1 Req A2 Req B1 Req B2 Prepare a statement of activities for governmental activities for December 31, 2017 CITY OF WILLIAMSON Statement of Activities For Year Ended December 31, 2017 Net (Expense) Revenue and Program Revenues Changes in Net Position Operating Capital Charges for Grants and Grants and Activities Contributions Contributions Business- type Activities Governmental Functions/Programs Expenses Total Services Governmental activities Total governmental activities 0 $ 0 $ 0 $ 0 $ General revenues Total general revenues 0 $ 0 $ Change in net position 0 $ 0 $ Req A1 Req A2 Req B1 Req B2 Prepare a statement of activities for governmental activities for December 31, 2017 CITY OF WILLIAMSON Statement of Activities For Year Ended December 31, 2017 Net (Expense) Revenue and Program Revenues Changes in Net Position Operating Capital Charges for Grants and Grants and Activities Contributions Contributions Business- type Activities Governmental Functions/Programs Expenses Total Services Governmental activities Total governmental activities 0 $ 0 $ 0 $ 0 $ General revenues Total general revenues 0 $ 0 $ Change in net position 0 $ 0 $