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 $ $350,000$

Customer accounts receivable $212,000$

Allowance for uncollectible accounts $ $32,000$

Materials and supplies $132,800$

Restricted assets $($cash$)268,000$

Utility plant in service $7,033,000$

Accumulated depreciation$$utility plant $2,633,000$

Construction work in progress $120,000$

Accounts payable $144,000$

Accrued expenses payable $99,000$

Revenue bonds payable $3,533,000$

Net position $1,674,800$

Totals $ $8,115,800$ $ $8,115,800$

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 $$1,467,000$; billings to the General Fund amounted to $$126,000.$

Liabilities for the following were recorded during the year:

Materials and supplies $ $218,000$

Costs of sales and services $392,000$

Administrative expenses $219,000$

Construction work in progress $238,000$

Materials and supplies were used in the amount of $$303,000,$ all for costs of sales and services.

After collection efforts were unsuccessful, $$15,700$ of old accounts receivable were written off.

Accounts receivable collections totaled $$1,571,000$ from nongovernmental customers and $$53,500$ from the General Fund.

$$1,143,800$ of accounts payable were paid in cash.

One year$$s interest in the amount of $$193,700$ was paid.

Construction was completed on plant assets costing $$268,000$; that amount was transferred to Utility Plant in Service.

Depreciation was recorded in the amount of $$278,100.$

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

As required by the loan agreement, cash in the amount of $$120,000$ was transferred to Restricted Assets for eventual redemption of the bonds.

Accrued expenses, all related to costs of sales and services, amounted to $$121,000.$

Nominal accounts for the year were closed.

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. In the reconciliation, assume the Accounts Receivable is netted against the Allowance account.