Exercise $6-4$ and Exercise $6-5($Static$)[$The following information applies to the questions displayed below.$]$ The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December $31,2024,$ the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Exercise $6-4($Static$)$ 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.$)$