The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund.

	Debits			Credits
Accounts payable				$	104,000
Accounts receivable	$	26,100
Accrued interest payable					29,200
Accumulated depreciation					47,000
Administrative and selling expenses		49,000
Allowance for uncollectible accounts					12,500
Capital assets		709,000
Cash		90,500
Charges for sales and services					555,000
Cost of sales and services		497,000
Depreciation expense		47,000
Due from General Fund		17,200
Interest expense		40,400
Interest revenue					6,000
Transfer in from General Fund					115,400
Revenue bonds payable					625,500
Supplies inventory		18,400
Totals	$	1,494,600		$	1,494,600

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.)