1.A county's general fund reports fund balances totaling $4,000,000.Additional information for the general fund is as follows:

Prepaid expenses are $300,000.

Inventories total $800,000.

Cash held from a federal grant designated for transportation safety projects totals $200,000.

The legal budget requires that $900,000 be set aside for general debt payments.

Outstanding purchase orders total $100,000.

Required

Prepare the county's fund balances section of the general fund balance sheet (10 points).

Fund balances:

Nonspendable

Restricted

Committed

Assigned

Unassigned

Total fund balances