Parking Facilities Fund. The City of Dalton accounts for its parking facilities as an enterprise fund. For the year ended December 31, 2011, the pre-closing trial balance for the Parking Facilities Fund is provided.

Additional information concerning the Parking Facilities Fwd is as follows:
1. All bonds payable were used to acquire property, plant, and equipment.
2. During the year, a principal payment of $500,000 was made to retire a portion of the bonds payable.
3. Equipment with a carrying value of $4,725 was sold for its carrying value.
4. Total cash received from customers was $1,640, 155 and cash received for interest and dividends was $251,480; $150,000 of this amount is restricted cash.
5. Cash payments included $750,828 to employees, $365,137 to vendors, $874,909 for interest on bonded debt, and $11.409 to subsidize public works (the General Fund).
6. The beginning balance in Accounts Receivable was $3,501, and Accounts & Accrued Payables was $393,953.
7. The net asset categories have not been updated to reflect correct balances as of the December 31, 2011, year-end.
Required
a. Prepare the statement of revenues, expenses, and changes in fund net assets for the Parking Facilities Fund as of December 31, 2011.
b. Prepare the statement of net assets for the Parking Facilities Fund as of December 31, 2011.
c. Prepare the statement of cash flows for the Parking Facilities Fund as of December 31,2011.

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Debits Credits $ 869,168 Cash & Cash Equivalents Accounts Receivable 3,607 Allowance for Uncollectible Accounts 72 Restricted Cash & Cash Equivalents Land 993,322 3,021,637 23,029,166 Buildings and Equipment Accumulated Depreciation Accounts & Accrued Payables 6-month Note Payable Bonds Payable Net Assets-Invested in Capital Assets, 5,623,315 312,830 360,000 15,579,325 Net of Related Debt 4,931,749 Net Assets-Restricted 951,996 Net Assets-Unrestricted 765,893 Charges for Services 1,640,261 251,480 Interest Incorne Personnel Expense Utilities Expense Repairs & Maintenance Expense Supplies Expense 852,380 100,726 64,617 17,119 578,861 Depreciation Expense Interest Expense Interfund Transfer Out 874,909 11,409 $30,416,921 $30,416,921 %24