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 $ 101,000 Accounts receivable $ 25,300 Accrued interest payable 28,300 Accumulated depreciation 45,500 Administrative and selling expenses 47,500 Allowance for uncollectible accounts 12,100 Capital assets 706,000 Cash 90,100 Charges for sales and services 551,000 Cost of sales and services 494,000 Depreciation expense 45,500 Due from General Fund 17,100 Interest expense 40,200 Interest revenue 5,700 Transfer in from General Fund 115,100 Bank note payable 625,200 Supplies inventory 18,200 Totals $ 1,483,900 $ 1,483,900 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.)