The Town of Thomaston has a Solid Waste Landfill Enterprise Fund with the following trial balance as of January 1, 2017, the first day of the fiscal year.

During the year, the following transactions and events occurred:
1. Citizens and trash companies dumped 480,000 tons of waste in the landfill, which charges $5.55 a ton payable in cash.
2. Diesel fuel purchases totaled $356,000 (on account).
3. Accounts payable totaling $430,000 were paid.
4. Diesel fuel used in operations amounted to $377,000.
5. Depreciation was recorded in the amount of $685,000.
6. Salaries totaling $165,000 were paid.
7. Future costs to close the landfill and post closure care costs are expected to total $81,250,000. The total capacity of the landfill is expected to be 25,000,000 tons of waste.
Prepare the journal entries, closing entries, and a Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 2017?

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Debits Credits Cash Supplies: diesel fuel Equipment Accumulated depreciation Accounts payable Accrued closure and postclosure care costs $2,330,000 80,000 7,190,000 $2,790,000 130,000 payable Net position Totals 2,080,000 4,600,000