The Town of Weston has a Water Utility Fund with the followingtrial balance as of July 1, 2016, the first day of the fiscalyear:

	Debits	Credits
Cash	$ 333,000
Customer accounts receivable	201,800
Allowance for uncollectible accounts		$ 30,300
Materials and supplies	121,200
Restricted assets (cash)	253,000
Utility plant in service	7,004,000
Accumulated depreciation-utility plant		2,603,000
Construction work in progress	103,000
Accounts payable		123,600
Accrued expenses payable		77,300
Revenue bonds payable		3,503,000
Net position		1,678,800
Total	$8,016,000	$8,016,000

During the year ended June 30, 2017, the following transactionsand events occurred in the Town of Weston Water Utility Fund:

1. Accrued expenses at July 1 were paid in cash.
2. Billings to nongovernmental customers for water usage for theyear amounted to $1,383,000; billings to the General Fund amountedto $110,000.
3. Liabilities for the following were recorded during theyear:

Materials and supplies	$ 189,000
Costs of sales and services	363,000
Administrative expenses	204,000
Construction work in progress	222,000

4. Materials and supplies were used in the amount of $278,000 allfor costs of sale and services.
5. $14,200 of old accounts receivable were written off.
6. Accounts receivable collections totaled $1,482,800 fromnongovernmental customers and $49,000 from the General Fund.
7. $1,047,800 of accounts payable were paid in cash.
8. One year’s interest in the amount of $177,200 was paid.
9. Construction was completed on plant assets costing $253,000;that amount was transferred to Utility Plant in Service.
10. Depreciation was recorded in the amount of $263,100.
11. Interest in the amount of $25,300 was reclassified toConstruction Work in Progress. (This was previously paid in item8).
12. The Allowance for Uncollectible Accounts was increased by$10,000.
13. As required by the loan agreement, cash in the amount of$103,000 was transferred to Restricted Assets for eventualredemption of the bonds.
14. Accrued expenses, all related to costs of sales and services,amounted to $92,000.
15. Nominal accounts for the year were closed.

Required:

1. Record the transactions for the year in general journalform.
2. Prepare a Statement of Revenues, Expenses, and Changes in FundNet Position.
3. Prepare a Statement of Net Position as of June 30, 2017.
4. Prepare a Statement of Cash Flows for the year ended June 30,2017. Assume all debt and interest are related to capital outlay.Assume the entire construction work in progress liability (see item3) was paid in entry 7. Include restricted assets as cash and cashequivalents.