The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fi

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The Town of Weston has a Water Utility Fund with the followingtrial balance as of July 1, 2019, the first day of the fiscalyear:
During the year ended June 30, 2020, the following transactions andevents occurred in the Town of Weston Water Utility Fund:
Required:a. Record the transactions for the year ingeneral journal form.b. Prepare a Statement of Revenues, Expenses,and Changes in Fund Net Position.c. Prepare a Statement of Net Position as ofJune 30, 2020.d. Prepare a Statement of Cash Flows for theyear ended June 30, 2020. Assume all debt and interest are relatedto capital outlay. Assume the entire construction work in progressliability (see item 3) was paid in entry 7. Include restrictedassets as cash and cash equivalents.