2. During the year, $13,790,000 of the current year's taxes was collected. 3. The 5 percent administrative collection fee was recorded. A schedule of amounts collected for each participant, showing the amount withheld for the county General Fund and net amounts due to the participants, is recommended for determining the amount to be recorded for this transaction. 4. All cash in the tax custodial fund was distributed. 5. Necessary closing entries were made at fiscal year-end. d. Which financial statements would be prepared by the tax custodial fund? The resources are held for less than three months. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer be automatically graded as incorrect.) Statement of tax custodial fund net position Statement of changes in tax custodial net position. Statement of activites Statement of cash flows. Combine with any other custodial funds that Sun county has