4-2. The Village of Seaside Pines prepared the following General Fund Trial Balance as of December 31, 2020, the last day of its fiscal year. Control accounts are used for budgetary entries. Accounts Payable Allowance for Uncollectible Taxes Appropriations (Control) Debits Credits $ 19,000 12,000 490,000 Budgetary Fund Balance Cash Deferred Inflows-Property Taxes Due from Capital Projects Fund 9,000 $ 175,000 38,000 5,000 Due to Debt Service Fund 17,000 Encumbrances 63,000 Estimated Revenue (Control) 534,000 Estimated Other Financing Uses (Control) 35,000 General Government Expenditures 138,000 Other Revenues Property Tax Revenue 55,000 491,000 Public Safety Expenditures 295,000 Budgetary Fund Balance- Reserve for Encumbrances Supplies Inventory Tax Anticipation Note Payable Taxes Receivable Transfer Out (to Internal Service Fund) Fund Balance 63,000 24,000 100,000 205,000 30,000 Totals $1,469,000 1. Prepare the closing entries for December 31. (It is not necessary to use control accounts and subsidiary ledgers.) 2. Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund for the year ended December 31. 140,000 $1,469,000 3. Prepare the Fund Balance section of the December 31 Balance Sheet assuming there are no restricted or committed net resources and the outstanding encumbrances are for