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:

Debits Credits

Cash $ $353,000$

Customer accounts receivable $213,800$

Allowance for uncollectible accounts $ $32,300$

Materials and supplies $135,200$

Restricted assets $($cash$)271,000$

Utility plant in service $7,039,000$

Accumulated depreciation$$utility plant $2,639,000$

Construction work in progress $123,000$

Accounts payable $147,600$

Accrued expenses payable $98,500$

Revenue bonds payable $3,539,000$

Net position $1,678,600$

Totals $ $8,135,000$ $ $8,135,000$

During the year ended June $30,2020,$ the following transactions and events occurred in the Town of Weston Water Utility Fund:

Accrued expenses at July $1$ were paid in cash.

Billings to nongovernmental customers for water usage for the year amounted to $$1,495,000$; billings to the General Fund amounted to $$129,000.$

Liabilities for the following were recorded during the year:

Materials and supplies $ $224,000$

Costs of sales and services $398,000$

Administrative expenses $222,000$

Construction work in progress $241,000$

Materials and supplies were used in the amount of $$315,000,$ all for costs of sales and services.

After collection efforts were unsuccessful, $$16,000$ of old accounts receivable were written off.

Accounts receivable collections totaled $$1,574,000$ from nongovernmental customers and $$54,400$ from the General Fund.

$$1,163,000$ of accounts payable were paid in cash.

One year$$s interest in the amount of $$197,000$ was paid.

Construction was completed on plant assets costing $$271,000$; that amount was transferred to Utility Plant in Service.

Depreciation was recorded in the amount of $$281,100.$

The Allowance for Uncollectible Accounts was increased by $$10,000.$

As required by the loan agreement, cash in the amount of $$123,000$ was transferred to Restricted Assets for eventual redemption of the bonds.

Accrued expenses, all related to costs of sales and services, amounted to $$127,000.$

Nominal accounts for the year were closed.

Required:

a$.$ Record the transactions for the year in general journal form.

b$.$ Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position.

c$.$ Prepare a Statement of Net Position as of June $30,2020.$

d$.$ Prepare a Statement of Cash Flows for the year ended June $30,2020.$ Assume all debt and interest are related to capital outlay. Assume the entire construction work in progress liability $($see item $3)$ was paid in entry $7.$ Include restricted assets as cash and cash equivalents.