2. ABC County Established in 2014 a Cafeteria for the use of its employees and the public. The following are the balances found in its operating accounts: Assets- Long-term $4,000,000; Current Assets $2,000,000 Liabilities $500,000 and Fund Balance $5,000,000 unrestricted and $500,000 restricted. Current operating activities are: Revenues from meals $5,400,000 Revenues from special events 600,000 Expenses: Cost of goods sold: $1,300,000 Expenses special events 200,000 Depreciation of Equipment 800,000 Property taxes 100,000 Wages & salaries 200,000 Additional Information: Salaries for employees in December 2014 amounting to $25,000 has not been accrued. Depreciation for delivery vehicle of $5,500 has not been taken.

Required Prepare in good form the Income, Expenditure and Change in Fund Balance for the ABC County.