4. The pre-closing trial balance for the Bahla Village Public Works Capital Project Fund is provided below. Based on the following balances, prepare the June 30, 2019, statement of revenues, expenditures, and changes in fund balance for the capital projects fund. Ledger Account Balances Debits Credits Cash 500,000 Grant Receivable 700,000 Investments 1,000,000 Contract Payable 444,000 Contract Payable-Retained Percentage 78,000 Reserve for Encumbrances 2,200,000 Revenues 3,678,000 Encumbrances 1,200,200 Construction Expenditures 5,480,000 Other Financing Sources-Proceeds of 2,480,200 Bonds Total 8,880,200 8,880,200