11. The Village on Manchester's garbage trucks accidentally sideswiped two parked automobiles during the fiscal year ended December 31, 2020. One case was settled for $3,000 in 2020, and the Village expects to pay that claim in January, 2021. In the other case, the claimant originally demanded $15,000. The Village attorney thinks that it is probable that the Village can settle the claim for $10,000, but it will take approximately three to four months to settle the case. What amount should the Village report as a claims liability on the general fund's December 31, 2020, balance sheet? A. $0. B. $3,000. C. $13,000. D. $18,000 12. For the fiscal year ended December 31, 2020, Hope City's general fund reported total revenues of $3,267,250 and total expenditures of $3,243,750 on the statement of revenues, expenditures, and changes in fund balance. The City also reported a transfer out of $55,500 to its parking garage enterprise fund and a transfer in of $45,000 from a terminated special revenue fund. Total fund balance reported on the City's general fund balance sheet at December 31, 2019, was $65,600. On the City's statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2020, which of the following statements is correct? A. The increase in fund balance for the year ended December 31, 2020, is $13,000. B. Fund balance at December 31, 2020, is $78,600. C. A and B. D. Neither A nor B