Problem 2: Major and nonmajor fund questions Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4-line items from both the governmental and enterprise fund financial statements. The four line items tested are Assets and deferred outflows of resources Liabilities and deferred inflows of resources Revenues Expenditures/expenses 1. For the line item that met both the 10% and the 5% tests for the Village's debt service fund, show the numerator, denominator, and percentage for the 10% test and the numerator, denominator, and percentage for the 5% test. 2. For the line item that met both the 10% and the 5% tests for the Village's capital projects fund, show the numerator, denominator, and percentage for the 10% test and the numerator, denominator, and percentage for the 5% test. Answer form: 1. Debt service fund 10% test Line-item description Numerator Denominator % 5% test Numerator Denominator Numerator 2. Capital projects fund 10% test 5% test Denominator Line-item description % Numerator Denominator % %