The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Bank note payable Supplies inventory Totals Debits Credits $ 101,000 $ 25,300 28,300 45,500 47,500 12,100 706,000 90, 100 551,000 494,000 45,500 17,100 40,200 5,700 115,100 625, 200 18,200 $1,483,900 $1,483,900 Required: a. Prepare the closing entries for December 31, b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.)