11. Address the following situations separately. 1. For the budgetary year beginning July 1, 2014, Coastal City expected the following cash flow resources: Property taxes, licenses, and fees Proceeds of debt issue $3,000,000 1,000,000 750,000 Interfund transfers to debt service fund . In the budgetary entry, what amount did Coastal City record for estimated revenues? 2. During the fiscal year ended June 30, 2014, Western County issued purchase orders totaling $7,000,000. Western County received $6,500,000 of invoiced goods at the encumbered amounts and paid $6,100,000 toward them before year-end. How much were Western County's encumbrances on July 1, 2014?