$4-9.$ The following transactions relate to Newport City's special revenue fund.

In $2024,$ Newport City created a special revenue fund to help fund the $911$ emergency call center. The center is to be funded through a legally restricted tax on cellular phones. No budget is recorded.

During the first year of operations, revenues from the newly imposed tax totaled $$452,000.$ Of this amount, $$444,000$ has been received in cash and the remainder will be received within $60$ days of the end of the fiscal year.

Expenditures $($salaries$)$ incurred through the operation of the $911$ emergency call center totaled $$440,000.$ Of this amount, $$422,000$ was paid before year$-$end.

During the year the state government awarded Newport City a grant to reimburse the City's costs $($not to exceed $$150,000)$ for the purpose of training new $911$ operators. During the year, the City paid $$142,500($not reflected in the expenditures above$)$ to train new operators for the $911$ emergency call center and billed the state government.

$$138,000$ of the amount billed to the State had been received by year$-$end. Required:

a$.$ Prepare the journal entries for the above transactions. It is not necessary to use control accounts and subsidiary ledgers. Prepare closing entries for year$-$end.

b$.$ Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the special revenue fund.

c$.$ Prepare a Balance Sheet assuming there are no committed or assigned net resources.