The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Cash. Customer accounts receivable Allowance for uncollectible accounts Materials and supplies Restricted assets (cash) Utility plant in service Accumulated depreciation-utility plant Construction work in progress Accounts payable Accrued expenses payable Revenue bonds payable Net position Totals Credits Debits $ 351,000 212,600 $ 32,100 133,600 269,000 7,035,000 2,635,000 121,000 145,200 99,500 3,535,000 1,675,400 $8,122,200 58,122,200 During the year ended June 30, 2020, the following transactions and events occurred in the Town of Weston Water Utility Fund: 1. Accrued expenses at July 1 were paid in cash. 2. Billings to nongovernmental customers for water usage for the year amounted to $1,475,000; billings to the General Fund amounted to $127,000. 3. Liabilities for the following were recorded during the year Materials and supplies, Costs of sales and services Administrative expenses $220,000 394,000 220,000 Construction work in progress 239,000