The adjusted trial balance for White Rabbit for the fiscal year ended June $30,20$X$1,$ is presented below.

Debits Credits

Cash $2,000$

Prop Taxes Receivable $30,000$

Allowance for Uncollectible Taxes $2,000$

Vouchers Payable $4,000$

Due to Internal Service Fund $3,000$

Fund Balance, Assigned for Encumbrances $1,000$

Fund Balance, Unassigned $11,000$

Expenditures $136,000$

Transfer in from Debt Service Fund $2,000$

Prop Tax Revenues $145,000$

APPROPRIATIONS CONTROL $140,000$

ESTIMATED REVENUE CONTROL $150,000$

BUDGETARY FUND BALANCE, UNASSIGNED $10,000$

Totals $318,000318,000$

Required:

a$.$ Prepare a statement of revenues, expenditures, and changed in fund balance for White Rabbit for the year ended June $30,20$X$1.$ Assume there were no supplies or outstanding encumbrances at the beginning of the year.

b$.$ Prepare a balance sheet for White Rabbit at June $30,20$X$1.$

c$.$ What is the amount of the governmental spending authority left at end of year?

d$.$ Is the variance with the budget favorable or unfavorable?

e$.$ Assume that on the last day of the fiscal year, a purchase order for $$10,000$ was received. How would this be accounted for? Would any of the year$-$end financial statements change?

Remember: the last $3$ accounts on the above are budgetary accounts!

Note: the above trial balance already has expenditures and revenues posted$$you don$$t need to do journal entries!