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: 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 $ $1,380,000$; billings to the General Fund amounted to $ $96,000.3.$ Liabilities for the following were recorded during the year: $4.$ Materials and supplies were used in the amount of $ $275,000,$ all for costs of sales and services. $5.$ After collection efforts were unsuccessful, $ $9,000$ of old accounts receivable were written off. $6.$ Accounts receivable collections totaled $ $1,459,000$ from nongovernmental customers and $ $48,400$ from the General Fund. $7.$ $ $1,035,000$ of accounts payable were paid in cash. $8.$ One year's interest in the amount of $ $175,000$ was paid. $9.$ Construction was completed on plant assets costing $ $250,000$; that amount was transferred to Utility Plant in Service. $10.$ Depreciation was recorded in the amount of $ $260,000.11.$ The Allowance for Uncollectible Accounts was increased by $ $9,900.12.$ As required bv the loan adreement. cash in the amount of $ $100\mathrm{.}000$ was transferred to Restricted Assets for eventual redemotion $/$r$/$n $4.$ Materials and supplies were used in the amount of $ $275,000,$ all for costs of sales and services. $5.$ After collection efforts were unsuccessful, $ $9,000$ of old accounts receivable were written off. $6.$ Accounts receivable collections totaled $ $1,459,000$ from nongovernmental customers and $ $48,400$ from the General Fund. $7.$ $ $1,035,000$ of accounts payable were paid in cash. $8.$ One year's interest in the amount of $ $175,000$ was paid. $9.$ Construction was completed on plant assets costing $ $250,000$; that amount was transferred to Utility Plant in Service. $10.$ Depreciation was recorded in the amount of $ $260,000.11.$ The Allowance for Uncollectible Accounts was increased by $ $9,900.12.$ As required by the loan agreement, cash in the amount of $ $100,000$ was transferred to Restricted Assets for eventual redemption of the bonds. $13.$ Accrued expenses, all related to costs of sales and services, amounted to $ $83,000.14.$ 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a Statement of Net Position as of June $30,2020.($Deductions should be entered as a negative amount.$)/$r$/$n T$.../$r$/$n Return to $/$r$/$n Prepare a Statement of Revenues, Expenses, and Changes in Fund Net Position. $($Deductions should be entered as a negative :amount.$)./$r$/$n Complete this question by entering your answers in the tabs below. Prepare a Statement of Net Position as of June $30,2020.($Deductions should be entered as a negative amount.$)/$r$/$n Assets June $30,2020$ Current Assets: Cash $ $372,400$ Customer Fees Receivable $112,000$ Less: Allowance for Uncollectible accounts $(30,900)$ Due From Other Funds Supplies Inventory Total Current Assets Noncurrent Assets: Restricted Assets Utility Plant in Service Less: Accumulated Depreciation Construction Work in Progress Total Assets Liabilities and Fund Equity Liabilities Current Liabilities: Accounts Payable Accrued Expenses Payable Total Current Liabilities Noncurrent Liabilities: Revenue Bonds Payable Total Liabilities Net Position Net Investment in Capital Assets Restricted Assets Unrestricted Total Net Position Total Liabilities and Net Position $/$r$/$n 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. $($Deductions should be entered as a negative amount.$)$