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.

	Debits	Credits
Accounts payable		112,000
Accounts receivable	29,400
Accrued interest payable		32,600
Accumulated depreciation		51,000
Administrative and selling expenses	53,000
Allowance for uncollectible accounts		13,400
Capital assets	722,000
Cash	98,000
Charges for sales and services		569,000
Cost of sales and services	504,000
Depreciation expense	51,000
Due from General Fund	17,700
Interest expense	40,900
Interest revenue		5,700
Transfer in from General Fund		123,000
Bank note payable		629,000
Supplies inventory	19,700
Totals	1,535,700	1,535,700

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.)