Exercise $7-19($Algo$)$ Information Technology Internal Service Fund $[$LO $7-2]$

Washington City created an Information Technology department four years ago to centralize information technology $($IT$)$ functions for the city. The goal of the department was to reduce costs, avoid duplication of efforts, and provide up$-$to$-$date technology to all of the city's operations. The fund was designed to be self$-$supporting; that is$,$ all costs are to be recovered through user fees, but any excess of fees over expenses should be less than $3$ percent. The preclosing trial balance for the IT department as of last year, is shown below.

$\backslash$table$[[,\backslash$table$[[$Debits$],[($in the$]],\backslash$table$[[$Credits$],[$usands$)]]],[$Cash$,$$$14,800,],[$Due from $0$ther Funds,$4,430,],[$Materials and Supplies Inventory,$370,],[$Machinery and Equipment,$54,100,],[$Accumulated Depreciation,,$$30,400$