5. (20pts) The town of Seagull, RI has the following balances at June 30, 2023 in their General Fund: Instructions are below. Government Dr. Cr. Wide Tax Revenue $800,000 Get Out of Jail Free Revenue 50,000 License & Bribery Revenue 420,000 $1,270,000 Depreciation Expense Interest Expense Expenditures for Schools $465,000 Expenditures for Services 325,000 Encumbrances for Services 200,000 Expenditures for Other 300,000 $1,290,000 Change in Fund Balance ($20,000) Fund Bal July 1, 2022 270,000 Fund Bal June 30, 2023 $250,000 Cash $150,000 Taxes Receivable 155,000 Estate Receivable 380,000 $685,000 Vouchers Payable $160,000 Deferred Tax Revenue to 2024 75,000 Reserve for Encumbrances, 2024 200,000 Fund Balance 250,000 $685,000 a. Deferred Tax Revenue at the beginning of the year of $30,000 was collected 90 days after fiscal 2022 and charged to Tax Revenue. b. Property, plant and equipment with a cost of $3,500,000 at the beginning of the year is not included on this statement. Accumulated depreciation associated with these items at July 1, 20