Please explain, 56700 is not correct.

Required Information Exercise 6-4 and Exercise 6-5 (Algo) [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, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Accounts payable Accounts receivable Accrued interest payable Accumulated depreciation Administrative and selling expenses Allowance for uncollectible accounts Capital assets Cash Charges for sales and services Cost of sales and services Depreciation expense Due from General Fund Interest expense Interest revenue Transfer in from General Fund Bank note payable Supplies inventory Totals Debits Credits $ 120,000 $ 33,4ee 36,680 55,000 57,600 14, 2ee 738,600 100,400 585, eee 512,00 55,000 18,500 41,700 5,600 131,880 629, 180 21,300 $1,577,300 $1,577, 300 Exercise 6-4 (Algo) 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.) Complete this question by entering your answers in the tabs below. Required A Required B Required 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.) VILLAGE OF SEASIDE PINES ENTERPRISE FUND Statement of Net Position December 31, 2020 Net Position: Net Investment in Capital Assets s 56,700 Unrestricted 0 Total Net Position S 56,700