(10 points). Wapiti County established a County Office Building Construction Fund to account for a project that was expected to take less than one year to complete. The following transactions occurred for the fund during the current fiscal year. WAPITI COUNTY COUNTY OFFICE BUILDING CONSTRUCTION FUND TRANSACTIONS FOR THE CURRENT FISCAL YEAR (a) Bonds were sold at par in the amount of $9,000,000 for the project. (b) A contract was signed with the Sellers Construction Company in the amount of $8,800,000. (c) A progress bill was received from Sellers in the amount of $6,000,000. The bill was paid, less 10% retained percentage. (d) A final bill was received for the project from Sellers. It too was paid, less 10% retained percentage. An appointment was also made between the county engineer and Sellers to inspect the building and to develop a list of items that needed to be corrected. (e) On the day of the meeting, the county engineer discovered that Sellers had filed for bankruptcy and moved to Florida to establish a new construction firm. The City incurred a liability in the amount of $450,000 to have the defects corrected by Baker Construction. (f) Baker Construction was paid for their work. The remaining retained percentage and other remaining cash was transferred to the Debt Service Fund for payment on this bond issue. (g) The accounts of the County Office Building Construction Fund were closed. REQUIRED: (1) Prepare general journal entries, in proper form, to record the above transactions for the County Office Building Construction Fund. Omit explanations. Use the letter of the transaction as the date. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the County Office Building Construction Fund for the current fiscal year. Date COUNTY OFFICE BUILDING CONSTRUCTION FUND GENERAL JOURNAL FOR THE CURRENT FISCAL YEAR Explanation Debit Credit Date COUNTY OFFICE BUILDING CONSTRUCTION FUND GENERAL JOURNAL FOR THE CURRENT FISCAL YEAR Explanation Debit Credit WAPITI COUNTY COUNTY OFFICE BUILDING CONSTRUCTION FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE CURRENT FISCAL YEAR