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The City of Saltwater Beach established an enterprise fund in 2015 to construct and operate Tribute Aquatic Center, a public swimming pool. The pool was completed and began operations in 2016. All costs, including repayment of debt, are to be paid by user fees. The funds pre-closing trial balance as of December 31, 2017 is shown below.

		Debits				Credits
Cash and Cash Equivalents		$	182,640
Accounts Receivable			5,240
Supplies			8,250
Restricted Cash and Cash Equivalents			944,860
Land			1,404,250
Buildings and Equipment			927,810
Accumulated DepreciationBuildings and Equipment						$	41,750
Improvements Other Than Buildings			4,729,160
Accumulated DepreciationImprovements Other Than Buildings							212,810
Accounts and Accrued Payables							22,210
Current Portion of Long-Term DebtBonds							282,370
Bonds Payable							6,212,140
Net PositionNet Investment in Capital Assets							174,490
Net PositionRestricted							869,390
Net PositionUnrestricted							84,260
Charges for Services							2,045,580
Interest and Dividend Income							92,750
Personnel Expenses			1,036,800
Utilities Expense			189,010
Repairs and Maintenance			82,320
Supplies Expense			67,380
Depreciation Expense			137,330
Interest Expense			322,700
		$	10,037,750			$	10,037,750

Additional information concerning the Tribute Aquatic Center Fund follows.
1.	All bonds payable were used to acquire property, plant, and equipment.
2.	Each year a payment is required on January 1 to retire an equal portion of the bonds payable. The payment for the current year was paid on January 1, 2017.
3.	Equipment was sold for cash at its carrying value of $9,270.
4.	Total cash received from customers was $2,042,720 and cash received for interest and dividends was $92,750; of this amount $75,470 was restricted cash. There were no other changes to restricted cash during the year.
5.	Cash payments included $1,041,020 for personnel expenses, $186,200 for utilities, $86,420 for repairs and maintenance, $322,700 for interest on bonds, and $66,040 for supplies.
6.	The beginning balance in Cash was $98,120, Accounts Receivable was $3,170, Supplies was $9,560 and Accounts and Accrued Payables was $28,480. Accrued Payables include personnel expenses, utilities, and repairs and maintenance.
7.	The net position categories shown on the pre-closing trial balance have not been updated to reflect correct balances as of the December 31, 2017 year end.

Required

2.

Required information

a.	Prepare the statement of revenues, expenses and changes in fund net position for the Tribute Aquatic Center as of December 31, 2017. (Negative amounts should be indicated by a minus sign.)

3.

Required information

b.	Prepare the statement of net position for the Tribute Aquatic Center as of December 31, 2017.

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