4. A City Administration has provided the following information related to their activity related to government funds. You are required to: (6 marks) Statement of Revenues, Expenditure and Changes in Fund Balance Statement of Net Assets/Balance Sheet. Transactions The City issued operational bonds to the value of OMR 80,000 to finance its general operating expenditure at a premium of 5%. Received State Grant for the improvement of the sewage system of the city OMR 550,000 Purchased office supplies for OMR 35,000, the voucher is approved and paid OMR 28,000. The City levied OMR 600,000 of general property taxes of which it actually collected OMR 480,000. City transferred an amount of OMR 95,000 to Intemal Service Fund establish a new central computer facility to provide support to other departments. General operating expenditure incurred OMR 36,000 and paid OMR 26,500. Issued OMR 160,000 long term development bond, the fund to be utilized for construction of Civil office Complex and must be used for this specific purpose at a premium of 2.5%. The City placed order for machines to be utilized at the service center for OMR 36,000 to be supplied in 3 months. Using the Developmental Bond issue proceeds, the City constructed the Civil Office Complex by spending OMR 150,000 Using the State Grant, the City renovated the sewage system OMR 450,000 The Internal Service Fund billed the General Fund for providing services OMR 36,000