The Town of Thomaston has a Solid Waste Landfill Enterprise Fund with the following trial balance as of January 1, 2012, the first day of the fiscal year.

During the year, the following transactions and events occurred:
1. Citizens and trash companies dumped 500,000 tons of waste in the landfill, which charges $5.50 a ton payable in cash.
2. Diesel fuel purchases totaled $343,000 (on account).
3. Accounts payable totaling $430,000 were paid.
4. Diesel fuel used in operations amounted to $405,000.
5. Depreciation was recorded in the amount of $735,000.
6. Salaries totaling $75,000 were paid.
7. Future costs to close the landfill and postclosure care costs are expected to total $76,250,000. The total capacity of the landfill is expected to be 25,000,000 tons of waste.
Prepare the journal entries, closing entries, and a Statement of Revenues, Expenses, and Changes in Fund Net Assets for the year ended December 31,2012.

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Debits $2,380,000 7,100,000 Credits Cash Supplies: diesel fuel Equipment Accumulated depreciation Accounts payable Accrued closure and postclosure care costs 120,000 2,600,000 130,000 payable Net assets Totals 2,080,000 4,790,000 59,600.000 S9,600,000