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 $ 345,000

Customer accounts receivable 209,000

Allowance for uncollectible accounts $ 31,500

Materials and supplies 128,800

Restricted assets ( cash) 263,000

Utility plant in service 7,023,000

Accumulated depreciation-utility plant 2,623,000

Construction work in progress 115,000

Accounts payable 138,000

Accrued expenses payable 91,000

Revenue bonds payable 3,523,000

Net Positive 1,677,300

Totals $8,083,800 $8,083,800

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 nongovernment customers for water usage for the year amounted to $1,453,000. billings to the General Fund amounted to $ 121,000.

3. Liabilities for the following were recorded during the year.

Materials and supplies $208,000

Costs of sales and services 382,000

Administrative expenses 214,000

Construction work in progress 233,000

4. Materials and supplies were used in the amount of $ 305,000 all for cost of sales and services

5. After collection efforts were unsuccessful $ 15,200 of old account receivable were written off.

6. Accounts receivable collection totaled $ 1,541,000 from nongovernmental customers and $52,000 from the General Fund

7. $ 1,111,800 of accounts payable were paid in cash

8. One year's interest in the amount of $ 188,200 was paid.

9. Construction was completed on plant assets costing $ 263,000: that amount was transferred to Utility plants in service.

10. Depreciation was recorded in the amount of $ 273,100.

11. The Allowance for Uncollectible Accounts was increased by $ 13,000

12. As required by the loan agreement, cash in the amount of $ 115,000 was transferred to Restricted Assets for eventual redemption of the bonds.

13. Accrued expenses, all related to cost of sales and services, amounted to $111,000

14. Nominal accounts for the year were closed.

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

b. Prepare a Statement of Revenues, Expense, 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 was paid in entry 7 include restricted assets as cash and cash equivalents.