10. In 2020, Duqm City began work to improve sea port to be financed by a bond issue and supplemented by a federal grant. The Capital Project Fund to account for the project was designed and designated as the Port Development Fund. The following is the post-closing trial balance for the year ended December 31, 2020. Items Debits Credits (OMR) (OMR) Revenue-Sales Tax 1,001,400 Earning from Investment 5,400 Bond Interest 825,000 Bond Principal 1,000,000 Other Financing Sources- Inter-fund Transfer 825,000 in Cash 131,000 Tax receivable-Delinquent 1,000 Fund Balance January 1, 2020 125,200 Total 1,957,000 1,957,000 Required: a. Prepare a Statement of revenues, expenditures and change in fund balance for the period ended December 31, 2020. (7 marks) b. Prepare a balance sheet for the Port Development Fund as of December 31, 2020. (2 marks)