410. Assume at the beginning of 2020 the Village of Ashlawn Street and Highway Fund (a special revenue fund) has cash of $336,000 offset by assigned fund balance in the same amount. I 1. During the year, the Village signed contracts for bridge repairs that amounted to $440,000. 2.>The bridge repairs were completed and an invoice was received for $435,000, of which $362,000 was paid in cash. 3. The special revenue fund reimbursed the General Fund for a payment the General Fund made on behalf of the Street and Highway Fund in the amount of $2,500. This amount is not related to the bridge repairs under the state grant. | 4. The state government paid the Village $412,000 on work completed under the grant before year-end. Required: a. Prepare thejournal entries for the above transactions. Prepare Closing entries for year-end. I b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the special revenue fund. I c. Prepare a Balance Sheet