4. The following information is from a citys government-wide statement of net position at December 31, 2021:

Capital assets $4,500,000

Accumulated depreciation, capital assets $2,400,000

Bonds payable -0-

The following information is from the city's governmental funds statement of revenues, expenditures, and changes in fund balances for the year ended December 31, 2021:

Expenditures - capital outlay (General Fund) $ 60,000

Expenditures - capital outlay (Capital Projects Fund) $900,000

Depreciation on old and new assets during the year was $546,000.

Required: Prepare journal entries so the foregoing information can be used in a work sheet to prepare government-wide financial statements for the year ended December 31, 2015.