The Municipal Park Fund for Putnam Village had the following preclosing trial balance. Prepare the closing entry necessary at June 30, 2013, and compute the components of net assets as they should be reported as of thatdate.

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Putnam Village Enterprise Fund Municipal Park Fund Preclosing Trial Balance June 30, 2013 Debits Credits Cash Membership dues receivable Land Equipment Accumulated depreciation equipment Accounts payable Revenues from fees Salaries expense Depreciation expense equipment Utilities expense Miscellaneous expense Net position 1,500 10,200 7,600 2,000 400 500 14,000 4,500 300 400 700 12,300 $27,200 $27,200