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Orange City was established on 1/1/21 and had the following transactions in its first year of operation; 1. The City collects $400,000 in general property taxes. 2. The City pays $80,000 in general salaries. 3. The City collected $50,000 in hotel occupancy tax that must be used to promote tourism. 4. The City spends $100,000 from the General Fund to purchase police cars with 5 year estimated useful lives. 5. The city issues $200,000 10 year bonds the proceeds of which are to be used to purchase office buildings. 6. The City spends $40,000 promoting tourism 7. The City spends $130,000 of the bond proceeds to purchase an office building with a 20 estimated useful life. Required; 1. Prepare the journal entries for the above transactions (note the appropriate Fund) 2. Post the journal entries to the appropriate Fund ledger accounts 3. Prepare Orange City's Statement of Revenues, Expenditures and Other Changes in Fund Balances 4. Prepare Orange City's Fund Balance Sheet 5. Prepare Orange City's Government Wide Statement of Activities 6. Prepare Orange City's Government Wide Statement of Net Position