a$.$ Allocate the items $3$ to $17$ to the Statement of Operations $($Income Statement$)$ or Financial Position $($Balance Sheet$),$ the Account Type and Functional. The first two lines in yellow are examples of how the answers should be provided. $(30$ Marks$)$

Item Account Description Balance

$1$ Ski Hill Grant Contribution by RM $ $13,290\mathrm{.}13$

$2$ Short Term Investments $ $516,250\mathrm{.}00$

$3$ Conexus CU Bank Account $ $45,669\mathrm{.}53$

$4$ Accounts Receivable $ $29,674\mathrm{.}17$

$5$ Inventory $-$ Other #$1$ Grader Blades $ $2,217\mathrm{.}60$

$6$ Inventory $-$ Other #$2$ Signs $ $4,118\mathrm{.}52$

$7$ Machinery$-$Heavy Equipment $$ Cost $ $626,231\mathrm{.}00$

$8$ Machinery $-$ Heavy Eqmt $-$ Accum Amort $ $(34,540\mathrm{.}00)$

$9$ General Accounts Payable $ $(241,182\mathrm{.}50)$

$10$ Current Years $$ Surplus $ $(4,267,399\mathrm{.}40)$

$11$ Operating Fund Surplus $ $(148,634\mathrm{.}35)$

$12$ General Municipal Tax Levy $ $(827,934\mathrm{.}24)$

$13$ Unconditional Provincial Operating Grant $ $(110,136\mathrm{.}00)$

$14$ Gas Tax Grants from Provincial Government for Lagoon $ $(27,681\mathrm{.}39)$

$15$ Municipal Administrator Salary $ $71,052\mathrm{.}50$

$16$ Contracted Police Services $ $27,614\mathrm{.}95$

$17$ Road Foreman Salary $ $54,331\mathrm{.}75$

Answer format for the question is as follows: $($Items highlighted in yellow are provided below$)$

Item Statement B$/$S Account Type or I$/$S Functional Area

$1$ Stmt of Financial Operations Recreation and Cultural

$2$ Stmt of Fin. Position Financial Assets

b$.$ Given the following balances at year end, prepare a Statement of Financial Position: $(15$ Marks$)$

Accounts payable $418,097$

Lease obligation $16,491$

Municipal taxes receivable $307,513$

Prepayments $426,748$

Tangible Capital Assets $907,563$

Accumulated Surplus $12,058,177$

Cash $876,300$

Accounts receivable $1,780,936$

Projects payable $30,826$

Overpaid taxes $174,806$

Other liabilities $51,020$

Investments $9,007,143$

Accrued wages payable $521,806$

Consumers deposits $34,980$

c$.$ What is the financial assets to liabilities ratio for part b$?(2$ Marks$)$

d$.$ What are three account types above that would not show up on a private, for profit balance sheet? $(3$ Marks$)$