2.The Village of Watkins Glenn operated an educational program for at-risk middle school children. Businesses and nonprofit organizations sponsor the children and pay the registration fee. a.The following cash receipts were collected: i.Registration 310,000 ii.Cash loan from bank 65,000 b.The following cash disbursements were made: i.Payroll taxes 30,600 ii.Labor 102,800 iii.Insurance 12,400 iv.Interest 3.050 v.Purchase school bus 62,000. Required: Prepare the journal entries to record revenues and disbursements if the city treats the program as an enterprise fund Prepare the journal entries to record revenues and disbursements if the city treats the program as a special revenue fund.