2B. The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:

1. Beginning balances were: Cash, $109,000; Taxes Receivable, $213,500; Accounts Payable, $64,250; and Fund Balance, $258,250.
2. The budget was passed. Estimated revenues amounted to $1,390,000 and appropriations totaled $1,384,200. All expenditures are classified as General Government.
3. Property taxes were levied in the amount of $995,000. All of the taxes are expected to be collected before February 2021.
4. Cash receipts totaled $965,000 for property taxes and $337,500 from other revenue.
5. Contracts were issued for contracted services in the amount of $123,250.
6. Contracted services were performed relating to $109,500 of the contracts with invoices amounting to $104,700.
7. Other expenditures amounted to $1,035,500.
8. Accounts payable were paid in the amount of $1,202,000.
9. The books were closed.

2B. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund.

\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CITY OF BUFFALO FALLS - GENERAL FUND } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31,2020 } \\ \hline Revenues: \\ \hline \\ \hline \\ \hline Total Revenues & \\ \hline Expenditures: & \\ \hline Current: & \\ \hline & \\ \hline & \\ \hline Total Expenditures & \\ \hline & \\ \hline Other Financing Sources (Uses) & \\ \hline Total Other Financing Sources (Uses) & \\ \hline Net Change in Fund Balance & \\ \hline Fund Balance, January 1 & \\ \hline Fund Balance, December 31 & \\ \hline \end{tabular}