The following information comes from the General Fund trial balance of West Chester County as of December 31, 2012.

Prepare the county’s General Fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2012. Consider the proceeds from the sale and leaseback of an office building as a special item.

Sales tax revenues..............................................................................................................................$ 2,200,000

Property tax revenues............................................................................................................................2,000,000

Expenditures—county sheriff.................................................................................................................1,500,000

Expenditures—all other departments.....................................................................................................2,600,000

Fund balance, January 1, 2012.................................................................................................................300,000

Transfer out to Debt Service Fund..........................................................................................................1,000,000

Proceeds, sale and leaseback of office building.....................................................................................1,500,000