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	$394,000
Franchise taxes	51,400
Charges for general government services	5,800
Charges for public safety services	4,900
Charges for health and sanitation services	46,900
Issued long-term note payable	254,500
Receivables at end of year:
Property taxes (90% estimated to be collectible)	94,200
Payments:
Salary:
General government	67,600
Public safety	44,200
Health and sanitation	25,300
Rent:
General government	16,200
Public safety	22,300
Health and sanitation	4,800
Maintenance:
General government	37,800
Public safety	6,900
Health and sanitation	10,600
Insurance:
General government	9,900
Public safety ($3,200 still prepaid at end of year)	15,100
Health and sanitation	12,300
Interest on debt	20,360
Principal payment on debt	5,090
Storage shed	126,000
Equipment	128,500
Supplies (20% still held) (public safety)	24,900
Investments	109,000
Ordered but not received:
Equipment	21,000
Due in one month at end of year:
Salaries:
General government	4,500
Public safety	8,700
Health and sanitation	9,300

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. 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.

2. b-2. Prepare a balance sheet for the general fund as of December 31, 2017. Assume that the city applies the consumption method.