The following information pertains to the City of Williamson for 2020, 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	$450,000
Franchise taxes	45,600
Charges for general government services	6,000
Charges for public safety services	3,300
Charges for health and sanitation services	42,300
Issued long-term note payable	301,000
Receivables at end of year:
Property taxes (90% estimated to be collectible)	104,800
Payments:
Salary:
General government	70,950
Public safety	41,700
Health and sanitation	29,800
Rent:
General government	20,300
Public safety	22,100
Health and sanitation	4,500
Maintenance:
General government	22,400
Public safety	5,400
Health and sanitation	10,800
Insurance:
General government	10,200
Public safety ($4,800 still prepaid at end of year)	15,000
Health and sanitation	19,600
Interest on debt	24,080
Principal payment on debt	6,020
Storage shed	191,000
Equipment	110,000
Supplies (20% still held) (public safety)	22,200
Investments	99,000
Ordered but not received:
Equipment	13,000
Liabilities, all of which are due in one month at end of year:
Salaries:
General government	5,700
Public safety	6,900
Health and sanitation	10,500

Compensated absences (such as vacations and sick days) legally owed to general government workers at year-end total $14,000. These amounts will not be taken by the employees until so late in 2021 that the payment is not viewed as requiring 2020 current financial resources.

The city received a piece of art this year as a donation. It is valued at $21,300. The city plans to use it for general government purposes. The gift has no eligibility requirements. The city chose not to capitalize this property.

General government activities use the storage shed that was acquired this year. It is depreciated over a 10-year period using the straight-line method with no residual value. The city uses the equipment for health and sanitation and depreciates it using the straight-line method over five years with no residual value.

The investments are valued at $114,300 at the end of the year.

For the equipment that was ordered but not yet received, the City Council (the highest decision-making body in the government) voted to honor the commitment when the equipment eventually arrives.

a-1. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.

a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended.

b-1. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume that the city applies the consumption method.

b-2. Prepare a balance sheet for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume that the city applies the consumption method.

\begin{tabular}{|l|ll|ll|} \hline Total expenditures & $ & 0 & $ & 0 \\ \hline & $ & 0 & $ & 0 \\ \hline Other financing sources: & & & & \\ \hline & & & & \\ \hline Total other sources & $ & 0 & $ & 0 \\ \hline Net changes in fund balance & & 0 & & 0 \\ \hline & & & & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ CITY OF WILLIAMSON } \\ \hline \multicolumn{3}{|c|}{ Statement of Revenues, Expenditures, and Other Changes in Fund Balances } \\ \hline \multicolumn{3}{|c|}{ Governmental Funds } \\ \hline \multicolumn{3}{|c|}{ For Year Ended December 31, 2020} \\ \hline & General Fund & \begin{tabular}{l} Total \\ Government \\ Funds \end{tabular} \\ \hline \multicolumn{3}{|l|}{ Revenues: } \\ \hline \\ \hline & & \\ \hline \multicolumn{3}{|c|}{ } \\ \hline \\ \hline \\ \hline Total revenues & $ & $ \\ \hline \multicolumn{3}{|l|}{ Expenditures: } \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ Debt service: } \\ \hline \\ \hline \\ \hline \\ \hline & & \\ \hline Total expenditures & $ & $ \\ \hline & $ & $ \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ CITY OF WILLIAMSON } \\ \hline \multicolumn{3}{|c|}{ Balance Sheet } \\ \hline \multicolumn{3}{|c|}{ Governmental Funds } \\ \hline \multicolumn{3}{|c|}{ December 31, 2020} \\ \hline & \begin{tabular}{c} General \\ Fund \end{tabular} & \begin{tabular}{l} Total \\ Government \\ Funds \end{tabular} \\ \hline \multicolumn{3}{|l|}{ Assets: } \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ D } \\ \hline \\ \hline & & \\ \hline \\ \hline \\ \hline Total assets & $ & $ \\ \hline \multicolumn{3}{|l|}{ Liabilities: } \\ \hline & & \\ \hline & & \\ \hline Total liabilities & $ & $ \\ \hline \multicolumn{3}{|l|}{ Fund balances: } \\ \hline & & \\ \hline P & & \\ \hline? & & \\ \hline & & \\ \hline Total fund balances & $ & $ \\ \hline Total liabilities and fund balances & $ & $ \\ \hline \end{tabular}