the green checks are correct and red X are incorrect

The City of Bernard starts the year of 2024 with the following unrestricted amounts in its general fund: cash of $29,250 and investments of $72,000. In addition, it holds a small building bought on January 1, 2023, for general government purposes for $381,000 and a related long-term debt of $304,800. The building is depreciated on the straight-line method over 10 years. The annual interest rate on the debt is 10 percent. The general fund has four separate functions: general government, public safety, public works, 105,000 24,400 28, ooe 212, ooe 89 , 177 , ooe 100,500 98, ooe 85 , ooe 23,800 10,800 19, 16,200 15 , 19,500 14,400 10,150 17 , 700 19,080 216, ooe 96 , ooe 27 , 100 113, ooe 26,250 11,050 14, 18,200 and health and sanitation. Other information includes the following: Receipts: Property taxes Sales taxes Dividend income Charges for general government services Charges for public safety services Charges for public works Charges for health and sanitation services Charges for landfill Grant to be used for salaries for health workers (no eligibility Issued long-term note payable Sold investments (mentioned above) requirements) Receivables at year-end: Property taxes ($12, 100 Payments : Salary: General government public safety public works Health and sanitation Utilities: General government public safety public works Health and sanitation Insurance: General government public safety is expected to be uncollectible) (all from grant) public works (all prepaid Health and sanitation Mi scellaneous : General government public safety public works Health and sanitation Interest on previous debt as of the end of the year) principal payment on previous debt Interest on new debt Building (public works) Equipment (public safety) public works supplies (30% still held) Investments Ordered but not received: Equipment Supplies Due at end of year: Salaries: General government public safety public works $ 533,e 30, ooe 8,100 5,400 34,500 8,800 4,800 32,100 5,700 9,600 30,480 5,700 On the last day of the year, the city borrows $68,000 from a local bank and uses the money to buy a truck. The first payment on the loan (plus interest) will be made at the end of the next year. The city opens a landfill this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $304,000 although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now 15 percent filled. For the equipment and supplies that were ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the items arrive. The new building is depreciated over 20 years using the straight-line method and no residual value. Depreciation of the equipment is similar except that its life is only 10 years. Assume the city records a full year's depreciation in the year of acquisition. The investments have a market value of $121,700 at year-end. Required: a-I. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2024, and the year then ended. a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2024, 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, 2024, and the year then ended. Assume the purchases method is applied. b-2. Prepare a balance sheet for the general fund in fund financial statements as of December 31, 2024, and the year then ended. Assume the purchases method is applied. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req 31 Req 82 Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2024, and the year then ended. CITY OF BERNARD Statement of Net Position December 31 , 2024 Assets: Current assets: Cash and cash equivalents Prepaid insurance Investments Receivables (net) Supplies Total current assets Capital assets: Building-general government Building-public works Equipment Truck Total assets Liabilities: Current liabilities: Salaries payable Noncurrent liabilities: Bank loan payable Closure liability landfill Long-term notes payable Total liabilities Net position: Invested in capital assets, net of related debt Restricted for salaries (Grant) Unrestricted (deficit) Total net position e e e Governmental tivities 29,250 e 8,100 e 121 ,700 164,900 e 8,130 e 332,080 304,800 e 86,400 68,000 e 791 ,280 38,800 e $ 68,000 e $ 45,600 152,400 4,200 4,200 Totals 29,250 0 8, 100 121,700 e 164,900 e 8,130 e 332,080 304,800 00 86,400 68,000 791 ,280 38,800 68,000 45,600 00 152,400 4,200 00 4,200